....The biggest positive in our economy perhaps comes from the substantial moderation in WPI inflation, to within the Reserve Bank of India's (RBI) comfort level. Food inflation too, is likely to moderate. I believe, the onset of a normal monsoon, decent rabi production in FY2013 and expectations of moderate minimum support price hikes bode positively to support the moderation in food inflation. These factors are likely to give RBI room to cut the repo by an additional 50 basis points to support economic growth...............
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