Bank of America Merill Lynch (BofAML) is of the view that the MPC will still cut 40 bps more in FY20.
RBI MPC should still cut 25 bps on Dec 5 and 15 bps in February to support growth, said the investment bank in a report.
BofAML tracks November CPI at 5 percent and inflation between November 2019-February 2020 at 4.7 percent.
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