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Status quo on rates disappointing, says Arundhati Bhattacharya

State Bank of India chief Arundhati Bhattacharya said RBI Governor Urjit Patel-led Monetary Policy Committee‘s status quo on rates was disappointing as the market was expecting a 25 basis point cut. Oil prices and a likely rate hike by the US Federal Reserve would have played a role in MPC‘s decision-making process, she added.

first published: Dec 7, 2016 04:41 pm

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