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The Reserve Bank of India’s last repo rate decision of the year is proving to be one of its trickiest, with the Monetary Policy Committee members having to weigh India’s record-low inflation against a plunging rupee and 8%-plus GDP growth rate. Sanjay Malhotra, governor of the Reserve Bank of India. (REUTERS) A majority of the […]
India’s recent macroeconomic data reinforces the case for a repo rate cut in the December monetary policy, Reserve Bank of India Governor Sanjay Malhotra said on Monday, triggering a drop in the bond yield. RBI Governor Sanjay Malhotra. (Reuters) “The monetary policy committee had signaled the scope of further rate cuts in October and the […]