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Experts see 25 bps rate cut by RBI in December, FY20 GDP forecast at 6%

Repo rate now stands at 5.15%, lowest in nine years. A sixth cut this year would mark the longest streak of consecutive rate cuts since the current interest rate framework was introduced 20 years ago

RBI, reserve bank of india
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Nikita Vashisht New Delhi
When the Reserve Bank of India’s (RBI) monetary policy committee (MPC) meets between December 3 and December 5 to review the interest rates, it will face the dilemma of strengthening a dwindling economy while keeping a check on inflation at around 4 per cent. Analysts, however, see the MPC slashing rates by up to 25 basis points (bps), along with a marginal cut in FY20 gross domestic product (GDP) growth forecast.

Repo rate -- the rate at which banks borrow from the apex bank -- stands at 5.15 per cent, lowest in nine years. A sixth cut this year would

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First Published: Nov 29 2019 | 6:53 AM IST

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