In a recent interview with CNBC TV 18, Shri Kamal Mahajan – Head of Treasury and Global Markets, Bank of Baroda said there is hope for a reduction of repo rates in the future. According to him, GDP growth is seen at 6% and RBI says to continue accommodative stance as long as it takes. He was optimistic about a steady GDP growth rate in the current year. He further added that reverse repo stays unchanged at 4.90%, MSF, bank rate at 5.40%. CPI inflation is seen at 3.2%
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