April 7, 2025 2:15 PM
RBI MPC begins, likely to go for 25 bps rate cut on April 9, says SBI report
As the Reserve Bank of India (RBI) began its Monetary Policy Committee (MPC) meeting (from April 7 to April 9) here, SBI Research on Monday said it expects a 25-basis-point rate cut in the policy, and that the cumulative rate cut over the cycle could be at least 100 basis points, with two successive rate cuts in February and April. With an intervening gap in June, the second round of rate cuts could start from August, the SBI report said. “During February 2025 to March 2026, we expect at lea...