business

2012 likely to be a year of strengthening dollar: CLSA

Rajeev Malik of CLSA told CNBC-TV18 that he doesn’t expect an explicit mention of a rate hike pause by RBI today. The probability of a rate cut today is very marginal, he says. "RBI still holds that CRR is a monetary tool and using that can send a wrong signal to the market," Malik says.

first published: Dec 16, 2011 10:15 am