RBI monetary policy: Will another rate cut boost Modi's election campaign?

The economy needs to have grown just above 6% in the January-March quarter to meet the government's estimate of 7% expansion for the 2019 fiscal year that ended on March 31

India’s government is increasingly looking to the central bank to help boost a flagging economy before an election that kicks off next week. And new Governor Shaktikanta Das is turning out to be a willing partner.

He is set to deliver a second consecutive 25 basis-point interest rate cut this week, according to most economists in a Bloomberg survey, reversing two hikes made by his predecessor Urjit Patel last year. Since taking over at the Reserve Bank of India in December, Das has relaxed restrictions on weak state-run banks to help spur borrowing, and allowed lenders to restructure loans to small