 "RBI")
The Reserve Bank is likely to go for a minimum 25 basis points cut in key lending rate in the forthcoming monetary policy review in view of the pressing need to revive the coronavirus-hit economy, feel experts.
The Monetary Policy Committee (MPC), headed by RBI Governor, is scheduled to meet for three days beginning August 4 and will announce its decision on August 6.
The central bank has been taking steps proactively to limit the damage to the economy caused by the outbreak of Covid-19 pandemic and subsequent lockdowns to prevent the spread of the disease.
A fast-changing macroeconomic environment
