RBI hints at cutting interest rates

June 04, 2012 14:35

Ahead of its mid-quarterly policy review, the Reserve Bank today hinted at cut in interest rates, saying moderation in inflation due to lower economic growth and cooling global oil prices provide room for easing monetary policy.

"The growth is somewhat lower than expectation and that may have positive, moderating impact on core inflation," RBI Deputy Governor Subir Gokarn said.

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