RBI could crash rates

For the first time in recent memory, the RBI may be emboldened to cut interest rates sharply. Nothing succeeds like success. The corollary is that, for interest rates to fall, nothing succeeds like failure on the growth front. The slowdown of the Indian economy in the last year is precipitous. We are now below 5 per cent from 10 per cent levels a few years back and if this continues, we would be staring at a recession in the next couple of quarters or shortly thereafter. What, one might well ask, is the cause?...........

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