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'More rate cuts needed for better days ahead'
The captains of Indian industry have welcomed the RBI’s move to cut rates saying the move was on their expected lines. “I did not expect 50 basis points cut in the repo rate. I believe there are still many hidden inflationary pressure points within the economy. The banks are unlikely to pass on the benefit of these rate cuts to the end consumer in a hurry. I welcome the RBI Governor's statement