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Apr 14, 2015
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Softer inflation gives RBI room to cut rate: Industry
The fall in retail inflation in March to a 3-month low of 5.17 per cent provides leeway to the Reserve Bank (RBI) to resume its rate-cutting cycle, India Inc said today. "This should persuade the RBI to resume its rate-easing cycle to support growth without being too concerned about the impact on inflation," CII Director General Chandrajit Banerjee said.
Source -
http://economictimes.indiatimes.com
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