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Jefferies expects 25 basis points repo rate cut by RBI this year
September 24, 2024
|The Business Guardian
The Reserve Bank of India (RBI) is likely to cut the repo rate by 25 basis points this year, and cumulatively by 1 percentage point as part of its departure from steady monetary policy, said investment banking company Jefferies in a report.
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100 basis points is equal to 1 percentage point.
Jefferies’ India office expects only a 25 basis points rate cut this year to 6.25 per cent and a total of 100 basis points in the forthcoming easing cycle, the investment company said in a report.
The next RBI monetary policy review meeting is scheduled for October 7-9. The loosening of the monetary policy rates may start soon, which was kept steady in nine consecutive meetings.
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