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Mar 13, 2013
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Scope for easing monetary policy
Finance Ministry today said that there is a scope for easing of monetary policy to boost growth in view of moderation in WPI-based inflation."Inflation numbers have also come down so there is certainly a case for (giving) further impulses for growth," DEA Secretary Arvind Mayaram told reporters here.Asked if the RBI will cut rates in its upcoming policy review, he said the central bank will definitely take into account various developments and make an assessment of the macro economic conditions.RBI is scheduled to announce its mid-quarter review of monetary policy on March 19 and there is a widespread expectation that it will cut policy rates to boost growth.Mayaram said, "We are going to see some growth impulses and I am confident that we will also have further good news".
Source -
http://www.business-standard.com
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