With inflation figures expected to be well within RBI’s target, there may be room for further rate cut, say Anisha Sircar and Nupur Pavan Bang. The Wholesale Price Index for May 2015 stood at minus 2.36 per cent, continuing its downward trend since the last seven months. The Consumer Price Index stood at 5.01 per cent, well within the range of 2-6 per cent targeted by the Reserve Bank of India. With the release of these figures on June 15, 2015, the demand for a further rate cut have ... Rediff.com, 6 days ago
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