1. US is readying for another Fed rate cut in the meeting scheduled on 29-30 Jan which is a desperate measure to bolster the US economy.
2. It is likely that a 0.5% rate cut is being envisaged and in turn RBI may also ease the interest rate and if CRR ratio is not touched than it will give a boost to banking sector and a rally in banking stocks.
3. Fed Governor Mr Ben Bernanke is readying for the inevitable and same is also corroborated by the article from the web.
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