Expect RBI to cut rates only in April: IDFC MF
Naval Bir Kumar, managing director at IDFC Mutual Fund told NDTV Profit that the UP election results will have short term impact on the market. He believes that the policy paralysis of Indian economy would end. "2012 is likely to be an year for trading. The RBI has been hoping for the government to improve the fiscal situation. The apex bank will cut not rates in March, but may be in April," he said.
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