Meet to review progress on lending, impact of recent rate cuts and what is being done on NPAs, among other things
Financials declined amid profit taking while energy shares fell after the government hiked excise duty on transport fuels.
The fuel reforms are a very important signal of the government's commitment to tough economic reforms.
According to him, since India has a low fiscal deficit, a low current account deficit and lower inflation, there is no need for being too dependent on foreign money for growth.
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