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Sensex falls 150 pts on global cues >> CLICK HERE AND WATCH NOW
The Reserve Bank of India would keenly watch the progress of monsoon this year before taking a policy call. If monsoon remains normal, then headline inflation for FY18 would be around 4.5 percent, triggering a status quo on rates or even a rate cut. On the other hand, if monsoon disappoints, then inflation levels could be around 5 percent or slightly higher for FY18, making way for a rate hike.
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