RBI pauses, hints at rate cut in July

After three consecutive rate cuts in 2013, the Reserve Bank of India (RBI) lived up to market expectations of a status-quo in its mid-quarter policy review on Monday, but raised hopes of a rate cut next month with milder statements on inflation. With no change in policy rates, bankers now forecast a dip in loan rates in the July-September quarter supported by a good monsoon.

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