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Mar 27, 2015
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RBI may keep interest rate steady till 2016
With rural wages growth likely stabilising retail inflation around 5.5%, the Reserve Bank of India may keep interest rate steady till 2016-end, research firm Nomura said on Thursday.Nomura expects rural wage inflation to rise by 6-8% in FY16, which is higher than the second half of 2014. Rural wages rose by 6.8% in January from 5.5% in December and a low of 4.2% in November, the research firm said.
Source -
http://www.financialexpress.com
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