Economic growth poised to rebound: RBI report

THE economic growth, which surprisingly slumped to a seven-quarter low of 5.4% in the second quarter, is poised to rebound, as demand regained momentum, though stickiness in food inflation warrants careful monitoring, the latest RBI bulletin has said.

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In the December monetary policy, the central bank slashed its own forecast in October by 60 bps to 6.6% while many private analysts from the private sector pegged growth much lower ranging in the 6 to 6.2%. This also had many calling for rate cuts.