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Subbarao says no housing bubble building up

The RBI cut interest rates on Friday by a quarter point for the third time since January

Reuters  |  Mumbai 

There is no housing price bubble building up in India, Reserve Bank of India Governor Duvvuri Subbarao said on Monday in a post-policy conference call with analysts. The RBI cut interest rates on Friday by a quarter point for the third time since January, but said there is little room for further policy easing, disappointing investors and putting the onus on the government to revive a moribund economy.  

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First Published: Mon, May 06 2013. 15:02 IST
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