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RBI making u-turn, seen shifting to neutral in February, cutting rates by mid-year

Updated : January 24, 2019 01:53 PM IST

Just a month ago, economists predicted rates would start rising next quarter. But they have flipped that outlook in the first survey taken since RBI Governor Urjit Patel's sudden resignation on December 10.
Growth, while expected to cool compared with a survey three months ago, is still likely to remain stronger than in China, Asia's biggest economy.
Over two-thirds of the 65 economists polled between January 21-23 said the RBI would hold its repo rate at 6.50 percent at its next policy review on February 7.
RBI making u-turn, seen shifting to neutral in February, cutting rates by mid-year
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