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Why is IIFL against RBI cutting rates?

last updated on January 18, 2013 at 12:02 pm moneycontrol

Holding a contrarian view, IIFL is against the Reserve Bank of India (RBI) cutting rate cut any further. Explaining the stance, Prabodh Agarwal, Head of Institutional Research says that further cut would discourage savings and encourage consumption.

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