RBI likely to cut repo rate by 25 basis points: Business Standard poll

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RBI likely to cut repo rate by 25 basis points: Business Standard poll - Business Standard

Quick Summary:

After reviewing current liquidity and financial conditions, the RBI announced a series of measures to inject durable liquidity into the banking system.

The RBI cut the CRR by 50 bps in its December policy.“I don't think CRR will be cut again, as they mentioned last time that the reduction was to restore it to its earlier level,” said Madan Sabnavis, chief economist at Bank of Baroda.

However, another segment believes the current durable liquidity measures are insufficient to ensure effective transmission.“The current durable liquidity measures announced are not enough to ensure transmission,” said Sen Gupta.