MPC likely to trim rate by 25 basis points in April meet: BS Poll

The six-member monetary policy committee (MPC) of the Reserve Bank of India (RBI) is expected to cut the repo rate by 25 basis points, after a similar reduction in February, all the 10 respondents of the Business Standard poll said.

 

The RBI will announce the review of the policy meeting on April 9.

 

A softening retail inflation rate, which eased to a seven-month low of 3.61 per cent in February, down from 4.31 per cent in January, as food prices softened, has bolstered hopes for a second consecutive interest-rate reduction.

 

“The path for further policy easing appears quite clear and