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A whole new ball game

Note ban has made rate decision the least of RBI's worries

Business Standard Editorial Comment  |  New Delhi 

The last monetary policy review, the first conducted after the Monetary Policy Committee (MPC) was constituted, saw a cut in the repo rate by 25 basis points. The move surprised many and was seen as a calculated gamble on the part of the Reserve Bank of India (RBI). That is because there were a number of imponderables on the horizon, including uncertainty around what the US Federal Reserve might do and the continued reluctance by banks to pass on rate cuts to borrowers despite adoption of a new marginal cost-based lending rate mechanism. There were some additional risks after India’s ...

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A whole new ball game

Note ban has made rate decision the least of RBI's worries

Note ban has made rate decision the least of RBI's worries The last monetary policy review, the first conducted after the Monetary Policy Committee (MPC) was constituted, saw a cut in the repo rate by 25 basis points. The move surprised many and was seen as a calculated gamble on the part of the Reserve Bank of India (RBI). That is because there were a number of imponderables on the horizon, including uncertainty around what the US Federal Reserve might do and the continued reluctance by banks to pass on rate cuts to borrowers despite adoption of a new marginal cost-based lending rate mechanism. There were some additional risks after India’s ... image
Business Standard
177 22

A whole new ball game

Note ban has made rate decision the least of RBI's worries

The last monetary policy review, the first conducted after the Monetary Policy Committee (MPC) was constituted, saw a cut in the repo rate by 25 basis points. The move surprised many and was seen as a calculated gamble on the part of the Reserve Bank of India (RBI). That is because there were a number of imponderables on the horizon, including uncertainty around what the US Federal Reserve might do and the continued reluctance by banks to pass on rate cuts to borrowers despite adoption of a new marginal cost-based lending rate mechanism. There were some additional risks after India’s ...

image
Business Standard
177 22

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