Monetary News
Debt market strategies
The Reserve Bank of India (RBI), in the last monetary policy review in April 2012, surprised the markets with a 50 basis points repo rate cut, vis-à-vis market expectations of 25 basis points. RBI’s announcement came in the backdrop of falling core inflation data and tepid economic growth. The fiscal deficit target of 5.1 per cent for FY13, though lower than FY12, could be a big challenge
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