25 Bps Rate Cut Given, A Bigger Cut Likely By RBI: Abhishek Upadhyay, ICICI Sec PD
  • WebDesk BTVI
  • Aug 06 2019

The Reserve Bank of India (RBI) is set to announce its bi-monthly monetary policy tomorrow. Considering tepid consumption and investment growth continue to hurt economic expansion, Abhishek Upadhyay, senior economist at ICICI Securities Primary Dealership, said the composition of the monetary policy committee (MPC) is much more dovish than before, and expects the central bank to cut rates by more than 25 basis points. He doesn't expect a long rate cut cycle by MPC from here on. Here's more.