Tuesday, 4 August 2015
RBI likely to cut rate by 0.25%
"There have been double-digit increases in areas sown compared with the last year for major kharif crops. And although the monsoon season is not over yet, we believe RBI has an opportunity to stay ahead of the curve and cut rates because better food supply will likely cap inflation," Moody's Analytics said. Monsoon rainfall has picked up in July and the pace is likely to continue in August. The Met department had in June projected a deficient monsoon this year.
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