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News RBI

  • Aug 19, 2017
  • After pause in October, RBI may deliver final rate cut in December: BofA-ML

    The Reserve Bank will pause at the next policy review and go in for a final 0.25 per cent rate cut in the December review on comfortable inflation, a foreign brokerage said today."We continue to see a final 0.25 per cent RBI repo rate cut on December 6 after dovish Monetary Policy Committee minutes. The RBI should pause in October," analysts at Bank of America Merill Lynch said in a note.The brokerage added there will be a "long pause" after the cut in December.The note said that inflation risks are being "overdone", and a cool-off in price rise will be one of "compelling factors" that will make the RBI cut rates.

    Source - http://economictimes.indiatimes.com