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Feb 11, 2016
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RBI to cut repo rate by 25 bps in April: Nomura
The Reserve Bank is likely to cut the repo rate by 25 basis points (bps) after the Budget, in its policy meeting in April, beyond which the central bank is expected to stay on hold, says a Nomura report.According to the Japanese brokerage firm, gross value added (GVA) growth has marginally undershot the RBI’s 7.4% projection in the financial year 2015-16, supporting the case for a rate cut.“In our baseline, we believe the RBI will cut the repo rate by 25 bps in the April policy meeting after the Budget. Beyond that, we expect the RBI to stay on hold and shift its focus to policy transmission,” it said in a research note.
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http://www.livemint.com
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