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Economy | RBI may cut rates by 50 bps more: HSBC

Economy | RBI may cut rates by 50 bps more: HSBC
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First Published: Thu, Mar 12 2009. 09 50 PM IST
Updated: Thu, Mar 12 2009. 09 50 PM IST
Mumbai:The Reserve Bank of India could cut policy rates by 50 basis points ahead of the general election starting in mid-April even as the economy is reeling from the impact of a global crisis, HSBC said in a note on Thursday.
“With commodity prices having collapsed, fiscal policies eased and policy interest rates cut, domestic activity should remain resilient,” HSBC economist Robert Prior-Wandesforde said.
REUTERS
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Bric countries to meet ahead of G-20: official
Moscow: Finance ministers and central bankers from Brazil, Russia, India and China, the so-called Bric nations, will convene ahead of the Group of Twenty (G-20) finance chiefs’ meeting in London on Friday, a Russian delegation official said on Thursday. He said the four will discuss the reform of international financial organizations such as the International Monetary Fund and the Financial Stability Forum, anti-crisis policies and preparations for the G-20 summit in April.
Reuters
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First Published: Thu, Mar 12 2009. 09 50 PM IST