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RBI governor may try to spur growth with rate call
Economists expect Urjit Patel to lower the repurchase rate to 6% from the current 6.25%
Consensus in India has built for a cut in interest rates because it's seen as the RBI's last chance through 2018 to spur the economy before the US Federal Reserve reduces its balance sheet, forcing emerging markets to keep pace.
PHOTO: BLOOMBERG
Mumbai
A YEAR ago, India had Asia's fastest growth and inflation. Then Prime Minister Narendra Modi took away most of its money and both indicators slowed, bolstering expectations the central bank will cut borrowing costs for a final time this cycle as pressure mounts for a stimulus....
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