Goldman Sachs sees RBI pausing in rest of 2019, two hikes in 2020
Updated : April 05, 2019 09:22 PM IST
In a 4:2 majority vote, the central bank cut the repo rate to 6 percent from 6.25 citing the need to support growth that has lost the momentum of late in the first bi-monthly monetary policy announced Thursday.
It can be noted that analysts at Japanese brokerage Nomura expect two rate cuts of 25 bps each in June and August, while American brokerage Bank of America Merrill Lynch will wait for the monsoon estimate to come from the Met Department before coming out with a view whether the RBI will cut in June or August.
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