Morgan Stanley dismisses India rate cut, focuses on inflation

03/20/2013 | Hindu (India), The

Morgan Stanley says this week's rate cut by the Indian central bank will be largely ineffective in the absence of progress bringing down the inflation rate and raising the rate of deposit growth. Morgan economists said the only real prospect for a growth strategy lay in government action, although they projected that inflation would be begin to slacken over the next few months.

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Hindu (India), The

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