RBI may cut bank rate by 25 basis points: DSP Merrill Lynch

The Reserve Bank of India is likely to cut the bank rate by 25 basis points in the ensuing midterm review of the Monetary and Credit Policy ...

The Reserve Bank of India is likely to cut the bank rate by 25 basis points in the ensuing midterm review of the Monetary and Credit Policy for 2002-03 to provide an impetus to the economic growth, according to a DSP Merrill Lynch report.

‘The case for rate cut continues to exists due to slow growth following the failure of the monsoon”, it said in a monthly market report released here. ‘The highest probability is a cut of 25 basis points in the bank rate without touching the repo rate and a mild rally is expected in the market ahead of credit policy review’, DSP said.

How BJD steadily lost its old guard, Naveen Patnaik’s trusted aides over the years

Political Pulse4 hr ago

Senior BJD leader Prafulla Kumar Mallik's suspension for criticizing the party's functioning and lack of responsible opposition adds to the growing discontent and resignations within the party. With reduced involvement and recent surgery of party leader Patnaik, there is a leadership vacuum and the party must redefine its role in opposition to regain lost ground.

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