In a decision that may have major repurcussions over your emi's as well as on price rise, RBI is expected to cut key rates today. RBI's problem is whether to choose growth over inflation. While there is political pressure on the govt to deliver some good signs in the market at a time when the global economy is tottering to a fall, it is also worried about inflation. Rate cuts are bound to lead to further price rise and that is something RBI would want to avoid. In such a scenario a 25 basis point rate in cut in repo rate and CRR is expected. But the RBI's final announcement is keenly awaited.
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