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No reason for RBI to cut rates next week: HSBC

Thursday, July 26, 2012

WN.com - Business News
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No reason for RBI to cut rates next week: HSBC
Jul 26th 2012, 11:25

Leading foreign lender HSBC today said it sees little chance of a rate cut by the Reserve Bank next week, as nothing on the fiscal or inflation fronts has changed from the mid-quarter review last month. “With below-normal monsoon and little policy action from Delhi, the Reserve Bank is likely to keep rates unchanged...
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