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Putting the lid on rate cut hopes

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Business Standard
Last Updated : Aug 06 2014 | 1:25 AM IST
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Raghuram Rajan's policy stance was interpreted as a 'tad hawkish' as compared to the previous policy, as the RBI governor refrained from indicating when the rate cut cycle will commence. Also, he was firm in his resolve to tame the rise in prices.

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First Published: Aug 06 2014 | 12:08 AM IST

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