Rate cut won't help much: MPC member

Bhattacharya said inflation is likely to align with the RBI's 4% target on a durable basis in the coming quarters

- Reuters

The immediate incremental impact of an additional 25 basis-point rate cut delivered earlier this month by the Reserve Bank of India's monetary policy committee may be relatively limited, external member Saugata Bhattacharya told Reuters on Monday.

The MPC delivered a larger-than-expected 50-bp rate cut in June to bolster economic growth as inflation remained below target.