RBI May Cut Repo Rate By 25 Bps On Aug 7: Mahendra Jajoo, Mirae Asset
  • WebDesk BTVI
  • Aug 06 2019

Amid concerns of a deepening economic slowdown, Mahendra Jajoo, Head - Fixed Income, Mirae Asset Global Investments (India), expects the Reserve Bank of India’s Monetary Policy Committee (MPC) to deliver fourth consecutive rate cut of 25 basis points on August 7. Jajoo feels there are reason for worry on the growth front, and India needs to grow at 8 per cent to attain $5 trillion mark in 5 years. Here’s more.