RBI Governor Shaktikanta Das will bring in the central bank's Bi-monthly Monetary Policy address at 12 noon today.
Around two-thirds of economists in a Reuters poll foresee the Reserve Bank of India (RBI) today to cut the repo rate by another 25 basis points (bps). To a record low of 3.50 per cent despite some inflationary pressure.
The RBI has already reduced the repo rate by a total of 115 basis points since February. On top of the 135 basis points in an easing cycle last year
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