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. Â Rate cut in August could put brakes on monetary policy easing, it says.
India on Tuesday forecast normal rains for the 2011 monsoon, strengthening the prospect for good farm output, which could help bring relief to Asia's third-largest economy in its battle with high food prices.
India on Tuesday forecast normal rains for the 2011 monsoon, strengthening the prospects of a plentiful farm output that could help bring relief to Asia's third-largest economy in its battle with high prices.
India on Tuesday forecast normal rains for the 2011 monsoon, strengthening the prospect for a good farm output that could help bring relief to Asia's third-largest economy in its battle with high food prices.