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Economy

No rate cut by RBI is unfortunate; still positive on India, says Mark Mobius

Updated : December 06, 2019 10:03 AM IST

The the Reserve Bank of India (RBI) should have lowered rates because the Indian market does need lower and lower rates, said Mark Mobius.
Government should do more privatisation by selling state enterprises, so that market capitalisation of India grows and therefore weighting in the EM index increases.

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