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Goldman Sachs sees RBI cutting rates by 0.5% starting February

Nov 17, 2014    

Goldman Sachs Global Macro research on Monday changed its forecast on the possibility of Reserve Bank of India (RBI) cutting rates.The group now expects the RBI to cut its key lending rate, repo, by 0.5 percentage point beginning February changing its earlier call of status-quo in rates in first half of next calendar year."We expect the RBI to cut by 25bps each in February and April. The main driver of this view is our commodities team's forecast of weak oil prices through 2Q2015," economists at Goldman said."The recent sharper than expected fall in headline inflation, contained...

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