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Analysts expect RBI to cut rates on growth concerns, coronavirus scare

Analysts expect an impact on India due to raw material shortages likely to disrupt supplies for key industries

Reserve Bank of India (RBI) Governor Shaktikanta Das at the RBI's sixth bi-monthly monetary policy review meeting of 2019-20, in Mumbai (Photo- Kamlesh Pednekar)
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Reserve Bank of India (RBI) Governor Shaktikanta Das at the RBI's sixth bi-monthly monetary policy review meeting of 2019-20, in Mumbai (Photo- Kamlesh Pednekar)

Puneet Wadhwa
Despite the Gross Domestic Product (GDP) for the October–December quarter of the financial year 2019-20 coming in line with expectations at 4.7 per cent, most analysts expect the Reserve Bank of India (RBI) to cut key rates to prop-up growth.

While the data does not talk of the impact of coronavirus and has retained the economic projection in FY20 at 5 per cent in the second advance estimates, analysts expect an impact on India due to raw material shortages likely to disrupt supplies for key industries. The significantly weaker global growth is likely to be a headwind from February for

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First Published: Feb 28 2020 | 9:20 PM IST

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