RBI cautious; further rate cuts possible: experts
The Reserve Bank of India has taken a cautious stance in cutting rates and also warned that room for further rate cuts is limited. Atul Rai of IFCI says that growth and investment remain weak and he doesn’t see a pick-up in the near term. M. Narendra of Indian Overseas Bank, however, expects a pick-up in growth and expects rates to come down further in the year ahead.
