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Can't double-guess RBI: Diwakar Gupta

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Diwakar Gupta, MD and CFO, State Bank of India, says one can never double-guess the central bank, saying that the Reserve Bank had said in April that cuts will follow only if the macro-economic situation improves, and this clearly has not happened. In fact, the situation has only deteriorated, and therefore it's not surprising that the RBI has maintained status quo.

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