A 25 bps repo rate cut is on the cards
RBI will most likely continue to use open market operations to manage liquidity
The Monetary Policy Committee (MPC) of the Reserve Bank of India will most likely go for a 25 basis points (bps) cut in the repo rate at its upcoming policy review in August 2017, before taking a pause on further actions on policy rates. The easing of the CPI inflation below the 2 per cent floor of the inflation target band in June 2017, favourable progress of monsoon and kharif sowing so far and ...
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