Sunday, March 22, 2009

India has more room for rate cuts, says official

(NEW DELHI) India's central bank has 'more room' to cut interest rates further to combat economic slowdown and a global recession, according to Montek Singh Ahluwalia, deputy chairman of the nation's Planning Commission.

Source: http://business-times.asiaone.com/mnt/html/btpre/registration/redirect.jsp?dlink=/sub/news/story/0,4574,324794,00.html?

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