RBI likely to cut rate on August 2

[ahlam1399]

http://img-s-msn-com.akamaized.net/tenant/amp/entityid/AAp442v.img?h=100&w=100&m=6&q=60&o=f&l=fWith retail inflation receding to record low levels, the Reserve Bank is likely to cut the benchmark lending rate by at least 0.25 per cent in its third bi-monthly monetary policy review on Wednesday, says experts and bankers. Encouraged by significant price improvement, bankers expect RBI, which has kept rates on hold at 6.25 per cent for the fourth straight time citing risk to inflation, to change its monetary stance and may even go for an aggressive ...

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