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August inflation makes Repo Rate cut in Oct look difficult, says SBI Research
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August inflation makes Repo Rate cut in Oct look difficult, says SBI Research
Kolkata: The Monetary Policy Committee (MPC) of the Reserve Bank of India is supposed to meet in the first week of October to deliberate on the state of the economy and whether a cut in the Repo Rate is warranted. The think tank of economists of the country’s largest bank, SBI, is of the opinion that the retail inflation rate crossing the figure of 2% has adversely impacted the possibility of a rate cut. “With August inflation print a tad higher…
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