RBI cuts repo rate by 0.5%; FY12 trade deficit widens
On Profit this Week, RBI cuts the repo rate by 50bps but leaves little hope for further cut. Public sector banks will relook lending and deposit rates. Major economic reforms unlikely before the 2014 general elections, says Kaushik Basu. FY12 trade deficit widens to $184.9 billion. Vodafone threatens the Indian Government by international arbitration notice.
