date:Jul 14, 2014
g a decision by the Reserve Bank of India to cut interest rates and ease the flow of credit to the economy.
We believe a rate easing cycle is unlikely to commence before the second half of the current fiscal, keeping interest costs elevated for the productive sectors, said Nayar of ICRA.
Reserve Bank of India Governor Raghuram Rajan held benchmark interest rates at 8 percent in the June policy meeting. He has raised rates three times since taking charge last September. The next policy review i