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Apr 19, 2014
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New govt's fiscal policy to affect RBI's monetary stance
With a new government at the Centre only a few weeks away, the Reserve Bank of India (RBI) might wait for the new dispensation’s fiscal policy to take its policy actions, feel experts. Although Consumer Price Index (CPI)-based inflation is on the rise in March, RBI might hold rates till June.According to experts, if the new government takes concrete steps, it would provide room for RBI to cut rates in the future, though not in near term.
Source -
http://www.business-standard.com
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