The markets opened flat after the Reserve Bank took a hawkish stance in its macroeconomic survey released yesterday. RBI sounded a note of caution- saying a widening current account deficit is a constraint on easing monetary policy. The tone in RBI's macroeconomic survey report suggests it will continue a calibrated stance as inflation remains above its comfort zone. A CNBC poll suggests that markets are expecting a 25 bps cut.....
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