Fri, 23 Mar 2012 08:17:34 GMT
Indian central bank is likely to ease monetary policy
The India's central bank is moving closer to easing its prudent monetary policy; however, the time for loosing is dependent on the economic situation in the country, said the deputy governor of India's central bank. At the same time, soaring energy prices, weak rupee and fiscal deficit continued to create inflationary pressure on the country thus putting the government off