There’s scope for larger RBI rate cut: SK Ghosh, SBI
  • WebDesk BTVI
  • Jun 04 2019

SK Ghosh, Chief Economic Advisor of SBI, speaks in favour of a rate cut by the RBI in view of the current economy which saw a poor GDP growth number in Q4. He says the situation may improve in Q2 of FY20 and onwards but adds that growth will likely remain in less than 7% range. Ghosh says that RBI may space out rate cuts in anticipation of Union Budget and that there may be a need for bigger rate cut.