Quotes from Bank of Cyprus:
-Growth is definitely rising in India. GDP growth is over 5.3% yoy. While inflation is subdued to more acceptable levels as the latest figure in October came down to 5.52%.
-Taking into account that the recent decline in energy prices will strongly benefit India's current account balance, accompanied with the deregulation of diesel prices and diesel subsidies, it is expected that the fiscal deficit will improve.
-Moreover, RBI's target of 8% inflation will probably induce a rate cut in thecoming months.
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