Thursday, June 13, 2013

Weakening rupee may delay rate cutting cycles, says Nomura

........Nomura expects that so long as the currency is weakening, the RBI will delay the rate-cutting cycle because financial stability concerns will overrule its business cycle response. It believes that repo rate is likely to be unchanged in June, with rate cuts resuming after the currency stabilizes and inflation and CAD are brought to moderate levels.

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