Now Subbarao and company is facing the heat from this 'lets cut rates' lobby. Since the two deputy governor's gave contrasting signals stage is set for a exciting finale. At best my guess would be markets may not go anywhere this week. Action will start from inflation and IIP and then we go over to Greece and RBI.
This week and next week Monday and Tuesday will be very interestng so to say.
My guesses are:
I think Subbarao would not cut rates.
Inflation is around 7%.
IIP is negative to modestly positive.
Greece remains euro zone.
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