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Low inflation to spur rate cut in RBI's Aug 2 Policy review: Reuters poll

Economists also predicted RBI cutting its repo rate to 6%, reverse repo rate to 5.75%

Reuters  |  Bengaluru 

The Reserve Bank of India (RBI) is expected to cut interest rates when it meets on Aug 2, responding to an inflation rate running well below target, but an improving economy is likely to keep it on the sidelines for a long time thereafter, a Reuters poll showed. A significant moderation in retail inflation over the past three months has reinforced calls for further monetary policy easing from the central bank, which changed its stance to neutral from accommodative at the start of the year. Weak consumer spending following the government's ban on high-value currency notes late ...

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First Published: Fri, July 28 2017. 14:44 IST