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Jul 30, 2012, 08.46 AM IST
With factors such as high core inflation and deficient monsoon, the RBI is unlikely to cut rates in tomorrow's Credit Policy, says Suresh Prabhu, Money Market Analyst.
Suresh Prabhu, Money Market Analyst said, "With factors such as high core inflation and deficient monsoon, the RBI is unlikely to cut rates in tomorrow's Credit Policy. The sovereign yield will be under pressure with more than 55% of budgeted borrowing yet to go during the rest of this fiscal. The range for the 10-year yield is seen between 8.11-8.14%."
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