..........Stating that it sees the RBI reversing its tight liquidity measures only by October, the brokerage said if that does not happen, it "will adversely impact credit pick up in the busy credit season that begins from October to March, thereby having consequences on the growth front". It said that in 1998, the then RBI Governor, Bimal Jalan, had reversed similar measures undertaken, in eight weeks. "GDP growth can go down to 4.8 per cent, lower than 5 per cent last year, if the lending rates go up as a result of the RBI steps," BofA-ML said...................
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