Govt/corporate mafia/media brokers all did their bit to extract rate cut from RBI. I feel really pity for RBI governor.It would be very difficult to withstand the onslaught.
Now it is over to RBI. As I said there would be a rate cut. But I think..
1. Why banks are not raising deposit interest rates if they have liquidity issues
2. If people are so rich to make down payment for cars and houses in terms of lakhs, why they wont pay high interest rates for loans?
Banana republic is going wrong way.
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