RBI Set For Dovish Turn

RBI may cut rates, shift focus to growth: Report by Care Edge

- TDG NETWORK

Reserve Bank of India's monetary policy committee is expected to shift its focus from concerns around inflation to supporting growth in its next review meeting in early April, Care Edge Ratings has asserted.

The rating agency in a report said the monetary policy committee will go for another 25-basis-point reduction in the repo rate at April 7-9 meeting.

Care Edge also anticipates RBI to maintain a "neutral" stance amidst global headwinds.

"We expect the policy statement to have a dovish undertone, even while remaining cautious about global developments," the report said.