The global credit rating and research firm Nomura said,'' Inflation in India is likely to moderate as per the RBI (Reserve Bank of India) projection and to start interest rate cuts from the April -June (second quarter) of 2012,
In mid quarterly economic review earlier this month, RBI hinted at rate cuts in future. RBI had increased rates 13 times since March 2010 to tame inflation. The Central bank kept its key policy rates unchanged during the last review.
In mid quarterly economic review earlier this month, RBI hinted at rate cuts in future. RBI had increased rates 13 times since March 2010 to tame inflation. The Central bank kept its key policy rates unchanged during the last review.
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