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Repo rate could be cut by 0.2%, CRR cut before policy: Bank of America

PUBLISHED ON: June 14, 2012 | Duration: 11 min, 42 sec

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N Seshadri, ED of Bank Of India and Jayesh Mehta, Country Treasurer at Bank of America discuss WPI inflation data for the month of May, which saw a marginal rise to 7.55 per cent. According to Jayesh Mehta, RBI is now likely to cut repo rates by 0.25 per cent while a CRR cut is likely before the policy announcement next week. N Seshadri says that a CRR cut is required to restore liquidity in the system.
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