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.
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.