Economists call for at least 25 bps rate cut by RBI in April policy meet

Most of the economists suggested a rate cut of at least 25 bps in the RBI's monetary policy on April 4

A panel of economists, including former Chief Economic Adviser Arvind Virmani, on Tuesday called for at least 0.25 percentage point rate cut in the RBI's first monetary policy of the current fiscal to be unveiled later this week.

Virmani said that it is for the RBI to understand that the real interest rate in India right now is very high.
 

"It is high time to ease monetary policy," Virmani said during a panel discussion on RBI monetary policy organised by Assocham-EGROW Foundation.
 

Ashima Goyal, Professor of Economics, Indira Gandhi Institute of Development Research and Member, Prime Minister's Economic Advisory Council, and