New RBI rate cut unlikely in June, but may be in August: Sundaram MF
  • WebDesk BTVI
  • Apr 05 2019

Sandeep Agarwal, Sundaram MF, feels while RBI delivered in rate cut, it didn’t fulfil the market’s expectation for change in stance from ‘neutral’ to ‘accommodative’. He says that update on liquidity failed to find a mention in RBI statement, but calls it a balanced one. Agarwal says possibility of a new rate cut in June is unlikely, but there could be one in August.