Indian central bank cuts rate but notes little room for more

03/19/2013 | Hindu (India), The · MarketWatch

Despite inflation that remains above target, India's central bank cut its key policy rate by a quarter of a percentage point Tuesday, citing "the foremost challenge for returning the economy to a high growth trajectory." However, in a nod to rising prices, the bank also noted that inflationary pressures and a growing current-account deficit mean that "the headroom for further monetary easing remains quite limited."

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Hindu (India), The · MarketWatch

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