Pre-credit policy expectations
2009 April 18
HDFC Bank has come up with its pre-credit policy expectations. The bank expects the RBI to cut its repo and reverse repo rate by 25 bps as a signaling tool to re-iterate its pro-growth stance.
The bank also expects some more communication from the central bank on how it plans to manage the government borrowings schedule and ensure that market auctions are conducted in a non-disruptive manner.
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