business

Rate cuts unlikely in long & medium term: Shankar Acharya

There is a general expectation that the Reserve Bank of India will cut rates in its mid-quarter policy review. This time, RBI is expected to soften stance on weak industry growth in April which was flat at 0.1%. However, economists feel that the central bank may not continue slashing rates further from now.

first published: Jun 13, 2012 01:24 pm