Dr. Arun Singh, Senior Economist, Dun & Bradstreet India commented after declaration of RBI policy review and we quote
“The RBI, which has to consider the impact of rising borrowing costs on the growth momentum on one hand and the existing inflationary pressures in the economy on other, might not be able to accommodate monetary expansion in the near term. We expect the RBI to hold the policy rates at the present level till at least June 2012 before bringing it down.”
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