RBI expected to cut repo rate by 25 basis points next week

by Paul Joseph on January 25, 2013 · 0 comments

The Reserve Bank of India (RBI) is widely expected to announce a cut in repo rate next week for the first time in nine months. Analysts are of the view that the government is finally playing its part to boost the economic growth that has declined to its slowest pace of in a decade. Samiran Chakrabarty, chief of research at Mumbai-based Standard Chartered Bank, “The government has gone ahead with all the promises it had made 3 to 4 months earlier. There have been pretty substantial measures on the fiscal deficit front. To an extent, that will be comforting for the RBI.” read more

[via Stock Watch – Stock Specific News]

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