The Reserve Bank of India's (RBI) Governors' monetary policy statement made on Wednesday has opened up the possibility of another 25 basis points (bps) rate cut, even as the central bank decided to maintain the status quo on key rates and retain a neutral stance, noted a report by Bank of Ba
In a major move to boost liquidity in the economy, the Reserve Bank of India (RBI) on Friday announced a cut in the Cash Reserve Ratio (CRR) by 100 basis points in four tranches of 25bps each.
The report mentioned, "We anticipate the MPC to cut rate by 25bp and potentially guide for more cuts. Demand conditions continue to often, as seen in slowing credit growth, auto sales, RE sales and HH wages while inflation too has turned quite soft, hovering below 4 per cent on a 3MMA basis,
Shriram Ramanathan, CIO, Fixed Income, HSBC Mutual Fund, said, "The RBI MPC managed to meet the market's hefty expectations, by announcing a 25bps repo rate cut along with a change of stance to accommodative. Importantly, the MPC now believes that the headline CPI is aligned on a durable bas
The Federal Open Market Committee (FOMC) of the US Federal Reserve is expected to keep interest rates unchanged in its policy announcement on Wednesday night (IST), according to a report by ICICI Bank.