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RBI seen cutting rates by 25bps as inflation slows

RBI seen cutting rates by 25bps as inflation slows

Monday, February 6, 2017, 10:14 AM

Slowing inflation and fiscally responsible budget, might force the Reserve Bank of India, to cut interest rates on Wednesday. Seven out of 10 bank economists, expect RBI to cut its repo rate by 25 basis points to 6%, when the central bank’s monetary policy committee meets on 7-8 February for the bimonthly credit policy. The other three expect the repo rate to remain unchanged.
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