RBI To Remain On Hold Following 25bps Cut In August
Country Risk / India / Thu 03 Aug, 2017
In line with our expectations, the Reserve Bank of India (RBI) reduced its benchmark repurchase (repo) rate by 25bps to 6.00% during its August 2 meeting in view of lower-than-expected inflation and weakening growth. We expect no further interest rate cuts over the course of FY2017/18 (April-March) given the central bank's cautious and neutral