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I-Sec PD expects one more rate cut by MPC in April

Updated : March 13, 2019 11:47 AM IST

India's Industrial Production (IIP) growth dropped to 1.7 percent in January while retail inflation saw a marginal uptick in February to 2.6 percent.

Discussing the impact of the latest numbers on the monetary policy committee's (MPC) decision, A Prasanna, Chief Economist, I-Sec PD, in an interview with CNBC-TV18, said, "There is a space for one more rate cut in the April MPC meeting."

According to him, the core inflation, in the coming months, could be in line with the projections made by the MPC for next year.

He expects growth to revive in the next year post-elections.
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