Kaushik Das

The MPC's June 2025 decision to cut the repo rate by 50 basis points - more than expected - surprised markets

We think the MPC could express its willingness to maintain the accommodative monetary stance at least till H1FY22, which should help sentiments

Further rate cuts are contingent on the non-banking financial company sector recovery prospect

As far as future rate cuts are concerned, we expect one more 25 basis points rate cut in this cycle