💨 Abstract
The Reserve Bank of India (RBI) is expected to reduce the repo rate by 25 basis points this year and cumulatively by 1 percentage point, as per investment banking company Jefferies. The RBI's next monetary policy review meeting is scheduled for October 7-9. Jefferies anticipates a 25 basis points rate cut this year to 6.25% and a total of 100 basis points in the upcoming easing cycle.
Courtesy: theprint.in
Summarized by Einstein Beta 🤖
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