RBI's decision was a nuanced one: D Subbarao

PUBLISHED ON: October 31, 2012 | Duration: 26 min, 03 sec

   
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The Reserve Bank of India governor D Subbarao has explained the RBI's decision to not cut its benchmark rate by saying that the decision was a nuanced one. The complexities of the growth-inflation balance pushed the RBI to consider a CRR cut rather than a repo rate cut, he says. The governor also adds that while there is room for possible rate cuts in the fourth quarter, room for policy action remains limited.
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