All eyes on interest rate cut to spur growth - 0 views

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  #1 india incorporated on 01 Dec 14

   

  Will he? Won't he? That's the billion dollar question on the lips of every industrialist, investor and economist with an interest in the Indian economy. Will Reserve Bank of India governor Raghuram Rajan cut interest rates on Tuesday to provide a much-needed boost to India's sputtering growth engine.
  
  The conditions are definitely conducive for a rate cut. India's wholesale price index, which tracks prices at which retailers buy their goods for onward sale to the end consumer, hit a five-year low of 1.77 per cent in October. The more relevant consumer price index, which measures prices the common man actually pays at shop counters, fell to a three-year low of 5.52 per cent in October.
  
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  <div class="cArrow"> </div><div class="cContentInner">Will he? Won't he? That's the billion dollar question on the lips of every industrialist, investor and economist with an interest in the Indian economy. Will Reserve Bank of India governor Raghuram Rajan cut interest rates on Tuesday to provide a much-needed boost to India's sputtering growth engine.<br /><br />The conditions are definitely conducive for a rate cut. India's wholesale price index, which tracks prices at which retailers buy their goods for onward sale to the end consumer, hit a five-year low of 1.77 per cent in October. The more relevant consumer price index, which measures prices the common man actually pays at shop counters, fell to a three-year low of 5.52 per cent in October.<br /><br /><a rel="nofollow" href="http://www.indiaincorporated.com/item/4067-all-eyes-on-interest-rate-cut-to-spur-growth.html">Read More...</a><br /><br />Visit us at: <a rel="nofollow" title="Link: http://www.indiaincorporated.com" href="http://www.indiaincorporated.com/">www.indiaincorporated.com</a></div>

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