Low March inflation to spur rate cuts, say analysts

April 15, 2013 19:49

The drop in headline inflation to a 40-month low of 5.96 per cent for March has increased the possibility of a rate cut by the Reserve Bank at its May 3 annual policy, analysts and rating agencies said today.

India Ratings said the cooling off in both core and general inflation readings, coupled with fiscal consolidation and reform measures undertaken by government, will help RBI Governor Duvvuri Subbarao go for a "cautious monetary easing".

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