Dr.T.V.Gopalakrishnan , Mumbai , says: The RBI cannot afford to effect any rate cut in its policy review due on 15th for the simple reason that the review comes just before the budget.Further,RBI would like to have an idea about the Govt's approach to contain fiscal deficit.The inflationary pressures continue to persist in the economy and it is too early for the RBI to take a call on rate cut although manufacturing side needs a boost by reduced interest rate. In all probability, the Reserve Bank would prefer to revise the rate downwards in its annual policy review in April.
14 Mar 2012, 1747 hrs IST
(This appeared in ET in response to their Opinion Poll on RBI Rate cut)
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