RBI unlikely to cut rates: JPMorgan
By Prashant R Nair | Published On: July 30, 2012 09:50 (IST) | Duration: 6 min, 50 sec
Sajjid Chinoy, India economist, JPMorgan, says the Reserve Bank of India is unlikely to cut rates in its monetary policy. "Inflation is still high. A GDP growth downgrade is possible. Monsoon to put pressure on the agricultural products," he added.