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RBI may make rate cut move this week

Observers believe govt has done its part by keeping to the fiscal road map, while allocating more funds for infra and the rural economy

Anup Roy  |  Mumbai 

With the government sticking to its promised fiscal deficit path, expectation is building up that the Reserve Bank of India (RBI) would reciprocate with a rate cut, even as early as this week, instead of waiting for its scheduled review of monetary policy on April 5. The central bank had lowered its policy rate, the repo, a day after last year’s Budget.  And, RBI has paused on a change in rates at the previous two reviews, awaiting the Budget math.Read more from our special coverage on "RBI"RBI allows banks to expand capital base to meet Basel III normsRBI to go for rate ...

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First Published: Wed, March 02 2016. 00:31 IST
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