...........“From a hawkish tone, the policy was more dovish, trying to balance growth while curbing inflation. Steps to increase credit availability by reducing the Statutory Liquidity Ratio (SLR) by 50 basis points to 22.5% starting mid June 2014 should help in increased availability of funds required for growth. However, this is unlikely to result immediately into a reduction in rates in the near term.The thrust still seems to be on curbing inflation despite the need to fuel the ailing economy.”................
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