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 ...
Written by Press Trust Of India
Mumbai |
1 min read
Whatsapp
Twitter
Facebook
Reddit
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.
You have exhausted your monthly limit of free stories.
Read more stories for free with an Express account.
