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RBI may change stance; rate cut unlikely

If data supports, we could see a rate cut next financial year but that may not signal the beginning of a new cycle

Topics
RBI monetary policy | Interim Budget

Tamal Bandyopadhyay 

Tamal Bandyopadhyay

Today, if we take a poll of Indian industrialists on their expectations from the Reserve Bank of India’s (RBI’s) last bi-monthly policy for the 2019 fiscal year, 10 out of 10 will pitch for a rate cut. They are also rooting for a cut in the banks’ cash reserve ratio (CRR) — or the portion of deposits kept with the RBI — to release money into the system.

Indisposed finance minister Arun Jaitley too has asked for a rate cut, albeit indirectly — saying, India cannot have a real rate of interest that's higher than anywhere else in the world. The ...

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First Published: Sun, February 03 2019. 23:17 IST
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