RBI pauses, raises rate cut doubts

The Reserve Bank of India (RBI), which kept its key policy rates unchanged, has now thrown the ball into the finance minister's court by stating that rate cuts will be contingent to the government's ability to reduce its deficit which will determine the course of inflation. In its policy review, RBI has also hinted that a rate cut in April might not be a foregone conclusion as many expect it to be and the pace of rate cuts will be largely drawn from the budget proposals to be announced on Friday.

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