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Stocks of automobile companies are seen positive next week after the Reserve Bank of India on Thursday hinted that the central bank could cut key rates at its next review of the monetary policy on Dec 18. Subbarao, while speaking to reporters from Press Trust of India at an event in Kolkata, hinted at the central bank cutting rates with an aim to revitalise the slowing economic growth of the country. In anticipation of a rate cut, automobile stocks could see a short-term uptrend. The Society of Indian Society Manufacturers will on Monday detail automobile sales for November.
