Economy Five reasons why BofAML expects RBI to cut rates by another 50 bps by March 2020 Updated : June 14, 2019 02:01 PM IST BofAML is confident that RBI will reduce lending rates by another 50 bps by March 2020. RBI cut interest rate by 25 bps, for the third time in a row, in its June policy meet. RBI MPC changing its stance to accommodative supports their 50bp rate cut-by-March call, they added. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.