RBI policy: Ball is back in govt's court to revive growth, say brokerages

Most leading economists and research houses expected the central bank to cut rates for the sixth time in a row in its fifth bi-monthly monetary policy meeting of the FY20 on Thursday.

The Reserve Bank of India (RBI) kept repo rate unchanged in its Monetary Policy review today. Most leading economists and research houses expected the central bank to cut rates for the sixth time in a row in its fifth bi-monthly monetary policy meeting of the financial year 2019-20 (FY20) on Thursday. The RBI, however, cut the GDP growth forecast for FY20 to 5 per cent from 6.1 per cent earlier. 

Here's how leading market experts have interpreted the development:

Rupen Rajguru, executive director, head of equity investment & strategy, Julius Baer

With the front loading of 135bps rate cuts this