Case for a 75 basis points’ cut

With GDP growth sharply decelerating to 5.3% in the last quarter of 2011-12, RBI Governor D Subbbarao’s job becomes quite easy during the mid-June quarterly review of monetary policy. The bias of the central bank will more pronouncedly shift in favour of propping growth, especially with the latest data set showing a negative growth in manufacturing during January-March 2012.

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