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RBI raising interest rates now would be a big mistake, says Mark Mobius

Updated : August 01, 2018 03:16 PM IST

Mobius view goes against the crowd as most of the economists expect the central bank to raise interest rates by 25 basis points on Wednesday: report
According to Mobius, India needs a cut in borrowing costs as various states are facing severe financial problems, reported Bloomberg.
RBI raising interest rates now would be a big mistake, says Mark Mobius

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