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RBI to hold rates tomorrow, 'final' cut in August: BofA-ML

The brokerage expects RBI Governor Raghuram Rajan to stick to the dovish April commentary and cut interest rate by 25bps in August depending on how monsoon pans out.  Rate cut in August could put brakes on monetary policy easing, it says.

June 06, 2016 / 15:57 IST
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first published: Jun 6, 2016 01:22 pm

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