Economy News
RBI may cut interest rate by 100 bps in 2012: Citi
Inflation is likely to be in the range of 6.5-7.6% during next few months and the moderation is expected to prompt the Reserve Bank to cut policy rates by 100 basis points during 2012, according to global finance major Citigroup. "Given the strong base effect, we expect headline inflation to continue to print lower in the 6.5-7.6% range in the next few months against the 9% plus levels seen over the
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