CRR News
Will RBI cut rates?
The macroeconomic indicators are all blinking red. Inflation doesn't seem anywhere near the Reserve Bank of India's (RBI) comfort level, growth has plummeted and the Union Budget's fiscal consolidation plan has under-priced subsidies again. None of these factors seems to suggest a rate cut is imminent. Additionally, RBI's intervention in the foreign exchange market to support the rupee has resulted
|
|
