Reserve Bank of India likely to cut interest rates despite inflationary pressures
India’s worsening economic outlook as coronavirus cases soar has raised the chance the central bank will cut interest rates at its policy review on Thursday, in spite of inflationary pressures. Around two-thirds of economists expect the Reserve Bank of India (RBI) to cut the repo rate INRREPO=ECI by another 25 basis points (bps) on August … Read more