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Expect 50 bps Cut In Repo Rate: Indranil Pan

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Stating that in an ex-inflation scenario the market was factoring in a 7% repo rate, Indranil Pan, Chief Economist at Kotak Mahindra Bank said, “Due to the sudden drop in WPI and CPI the market expects around 50bps cut in repo rate.” He added that the rate cut the best the move for the RBI keeping in with the CAD worry that is hovering over the economy.