Good news in the time of terror attacks, recession and slowing Indian economy! Inflation fell sharply from 8% last week to 6.84%. Experts believe that inflation number may reach 4-5% by June 2009. Though bankers may not be too happy about cutting rates now and then, let's not forget that general election is in May 2009. Government might force public sector banks to lower PLRs.
Shall we gear up for another round of rates cut from RBI?
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