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Rate cuts, not reforms, key to immediate recovery: BofA-ML


MANOJ B. PATEL

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MANOJ B. PATEL

NEW DELHI: Indian markets are "over-rating" the contribution of the pending GST and land acquisition reforms to the growth and it is rate cuts by RBI which actually hold the key for an immediate recovery, Bank of America Merrill Lynch said today.

 

In a research report, the global financial giant also said it is not very hopeful of these two reforms getting passed in the upcoming Monsoon Session of Parliament given the "political controversies", while it expressed hope that RBI would cu ..

 

Read more at:

Rate cuts, not reforms, key to immediate recovery: BofA-ML - The Economic Times

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