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RBI has little room to cut rates: Rangarajan

PUBLISHED ON: June 3, 2014 | Duration: 13 min, 21 sec

  
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Dr C Rangarajan, former chief of the Prime Minister's Economic Advisory Council (PMEAC) says RBI's pause on rates was on expected lines. The RBI has little room to cut policy rates because retail inflation remains high, he said.
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