SELL KARNATAKA BANK FUTURES BELOW 92.2 TG-91.7 SL-93.1
RBI should cut rates by 50 bps by December
Sensex opens 250 pts up on global cues; ICICI Bank leads The RBI is expected to hold its policy interest rate steady at its quarterly review next week, keeping pressure on the government to reduce a ballooning fiscal deficit and take steps to remove bottlenecks that are driving up food prices.