"HERMIT:'RBI
has reduced both Repo and Reverse Repo Rate by 50 basis points on
17th April 2012. Is it a good move?' KING:'Rather, it is just a
little gamble to indirectly boost the core sectors of Indian economy
to improve in the next quarter. If inflation does not calm down and
IIP does not increase, then RBI may again bring back the Repo Rate at
8.5%. RBI will closely monitor the next quarter to see whether the
economic growth really picks up or not.'"-Arindam Sain
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