The Reserve Bank of India’s Monetary Policy Committee (MPC) meeting will end tomorrow, and ahead of that, many industry leaders expect the rate-cut cycle that began in February to continue. While most of them are expecting a repo rate cut of 25 basis points (bps)—from the current 6 per cent to 5.75 per cent—State Bank of India (SBI) said that the RBI MPC may go for a “jumbo rate cut” of 50 bps.
RBI Monetary Policy Committee Meet: Here’s what to expect this time
