The Reserve Bank of India (RBI) looks poised for a rate cut in the coming monetary policy review scheduled to be held from March 31 to April 3.
The expectations of a rate cut have grown stronger as major central banks across the world have affected rate cuts to provide liquidity to their respective economies.
In a press conference on March 16, RBI hinted that there is a possibility of a cut.
“I’m not ruling out any possibility on the rate cut. We are estimating the impact of Covid-19 and we will give our growth estimates in MPC. India is relatively insulated from the global value chain, but there will be some impact,” RBI Governor Shaktikanta Das had said.
The Reserve Bank of India (RBI) looks poised for a rate cut in the coming monetary policy review scheduled to be held from March 31 to April 3.
The expectations of a rate cut have grown stronger as major central banks across the world have affected rate cuts to provide liquidity to their respective economies.
In a press conference on March 16, RBI hinted that there is a possibility of a cut.
“I’m not ruling out any possibility on the rate cut. We are estimating the impact of Covid-19 and we will give our growth estimates in MPC. India is relatively insulated from the global value chain, but there will be some impact,” RBI Governor Shaktikanta Das had said.
