Market Currents
The RBI is expected to launch the first rate-cutting cycle in India in 3 years at its April 17...
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Thursday, April 12, 2012, 11:08 AM ETThe RBI is expected to launch the first rate-cutting cycle in India in 3 years at its April 17 meeting, but a 25 basis point move would be little more than symbolic, argues Jeff Glekin. With the central government in "policy meltdown," it's up to the central bank to go for bold stimulus with aggressive rate cuts. EPI +23% YTD, but -21% Y/Y.
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