Indian economy likely to grow at 6.3% in 2013: RBS
PTI: Mumbai, Dec 21 2012, 19:28 IST
may constrain lending.
Referring to inflation trend, it said while core inflation could come off faster due to weak demand, consumer price rate would ease at a slower pace.
On monetary policy, the RBS opined that a cumulative easing of 125 basis points (1.25 per cent) between January, 2013 and March 2014 was likely. "It is likely to be
concentrated in the latter part of the year to coincide with the reduction in the twin deficits and improvement in deposit growth."
On the rupee, the report said the Indian unit will be in the range of 53-55 a dollar for the better part of 2013 but may trend lower towards the last quarter.
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