Rate cuts may be postponed with RBI focus on INR
By Joseph Samson
Aug 21, 2013
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In accordance with the international brokerage firm, the Reserve Bank of India is probably to stay concentrated on supporting the INR, which has decreased in value by over 13 percent since May and traversed the psychosomatic level of 62 in opposition to the dollar the previous week. Barclays said in a research reminder that by itself, while the concentration is on the rupee, the calibration of the financial policy will finally be prejudiced towards additional easing, somewhat than lessening. The monetary services key considers important policy rates would be alleviated by to the degree that 75 basis points in this financial year, but it would be a postponed affair.

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