After surprising the market by a 25 bps cut in policy rates, analysts say, the RBI may ease monetary policy by another 75-100 bps for the year 2013.
The RBI, however, has reduced the growth projections for the current financial year to 5.5 per cent from its earlier estimate of 5.8 per cent. The central bank has also flagged of the risk of twin deficit amid slowdown in the economy.
The RBI, however, has reduced the growth projections for the current financial year to 5.5 per cent from its earlier estimate of 5.8 per cent. The central bank has also flagged of the risk of twin deficit amid slowdown in the economy.