The Reserve Bank of India's 25-basis-point repo rate cut in its Monetary Policy Committee meeting today was quite appropriate decision taken at a time of unusually low inflation and expected moderation in economic growth.
The Reserve Bank of India (RBI) is expected to maintain the policy rate unchanged in the current Monetary Policy Committee (MPC) meeting, with a rate cut of 25 basis points (bps) being seen as a positive surprise, according to Bank of Baroda Economist Sonal Badhan.
The Reserve Bank of India's Monetary Policy Committee is expected to reduce the policy rates by 25 basis points in its policy announcement on Wednesday, according to a report by Union Bank of India.
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) may announce a 25 basis points (bps) cut in its September policy meeting as it is the best possible option at this stage, according to a report by State Bank of India (SBI).
The likelihood of a 25 basis points rate cut by the US Federal Reserve in September has increased, but the final decision will depend on upcoming economic data, according to a recent report by ICICI Bank.
Majority of the Industry leaders believed that current economic conditions, marked by controlled inflation and improved growth, provide room for a modest rate cut that could boost credit flow and support key sectors like MSMEs, housing, and healthcare.