 "Nagesh Kumar, external member of the Reserve Bank of India's (RBI's) monetary policy committee")
Nagesh Kumar, an external member of the Reserve Bank of India’s (RBI’s) Monetary Policy Committee (MPC), says in an interview with Manojit Saha that if inflation stays around 3 per cent, there would be additional room to manoeuvre, assuming a real interest rate of around 1.5 per cent. Edited excerpts:
The market was expecting a 25-basis point (bp) cut in the policy repo rate, but the MPC has surprised with a 50-bp reduction. What was the reason behind it?
Since the February 2025 MPC, the RBI has started to support growth by cutting policy rates. The repo rate has been cut
