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Macro Eco Survey 2016: See room for at least 50 bps RBI rate cut, says Panagariya

He says sticking to the fiscal consolidation target will be taken positively, adding he has always pitched for a rate cut and if the fiscal deficit target is achieved then the Reserve Bank will get more room to cut rates. He feels the process should begin with at least 50 basis points cut.

first published: Feb 26, 2016 01:55 pm

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