In PMI parlance, a print above 50 means expansion while a score below that denotes contraction
Economic and markets indicators are increasingly signaling a slowing economy, but an even greater worry is a weakness of both consumer and investment sentiment
RBI alone will not be able drive economic recovery
Of the 15 economists and market players who participated in the poll, two predicted a 50-basis point cut, while the rest anticipated a rate reduction by 25 bps
If data supports, we could see a rate cut next financial year but that may not signal the beginning of a new cycle
It seems nobody should question the RBI's policy making as it will be taken as dissent against the government
The Reserve Bank of India cut its policy rate by 25 basis points on June 6, bringing the repo rate to 5.75 per cent
Reserve Bank of India Governor Shaktikanta Das said this while voting for a 25 basis points (bps) rate cut along with other five members at the MPC meet earlier this month
For now, the S&P BSE Sensex is trading well above the 50-DMA and is showing positive sentiment, which is likely to persist for some more time
State Bank of India's cash credit and overdraft rates will become cheaper by 25 bps from next month
Internal working group to review liquidity management framework
The central bank is clearly not done yet on rate cuts
The Reserve Bank has been very watchful on the fiscal deficit front both because of its impact on its core mandate of inflation and also from a macro stability perspective
This the first time in 2019 when all members of the MPC unanimously decided to reduce the policy repo rate by 25 basis and change the stance of monetary policy from neutral to accommodative.
A cut in repo sends strong signals to the market that has to, in turn, pick-up the cues
According to a Bloomberg Survey, 31 of 43 economists had projected 25 basis point rate cut while three penciled in a 50 basis points cut.
The policy decision will be announced at 11:45 a.m. in Mumbai, followed by a press conference 15 minutes later by Shaktikanta Das
The RBI had retained its 'neutral' stance after the rate cut in April but traders said a change in this stance to 'accommodative' will be more comforting for markets
The policy repo rate is at 6%. Retail inflation was at 2.92% in April
The RBI's Monetary Policy Committee will meet this week to take a call on the policy rate