The Reserve Bank of India will likely cut its main policy rate on Wednesday by a quarter percentage point to a more than 6-1/2 year low after inflation slumped. The question is whether the cautious central bank will signal readiness to ease more. Forty of 56 economists polled by Reuters predicted the RBI will cut its repo rate INREPO=ECI by 25 basis points to 6.00 percent - the lowest since November 2010 - as a slump in food prices sent June consumer ...
08-02-2017, 08:52 AM
RBI seen cutting rates to over 6-1/2 year low
The Reserve Bank of India will likely cut its main policy rate on Wednesday by a quarter percentage point to a more than 6-1/2 year low after inflation slumped. The question is whether the cautious central bank will signal readiness to ease more. Forty of 56 economists polled by Reuters predicted the RBI will cut its repo rate INREPO=ECI by 25 basis points to 6.00 percent - the lowest since November 2010 - as a slump in food prices sent June consumer ...
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