Amit you're wrong. Economy over heating is very bad rather than slowdown. Look at China fighting real hard to control the overheating economy. If RBI cut rates then banks will start lending more money. We are already getting a million calls to get cards,variety of loans etc. But repayment is what matters. As more and more defaulters appear banks revenue will be hit severly. The speulators are out wanting to make more money from the stock markets are creating all sorts of rumours so RBI would cut rates. I hope RBI does not budge and keeps the rate unchanged.
