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RBI policy decision today: MPC likely to announce a dovish cut

Updated : August 07, 2019 09:11 AM IST

The Reserve Bank of India's Monetary Policy Committee (MPC) will be announced its decision on Wednesday. The key question is as the growth slowdown concerns loom, will the monetary policy committee cut the repo rate for the fourth time in a row?

It’s clear now that in the next 4 hours you are going to get a rate cut of 25 bps. The CNBC-TV18 widespread poll of 20 economists said yes and our Citizen’s Monetary Policy Committee unanimously voted for a 25 bps cut and a dovish stance that is already there.

The question is whether they will give very overt comfort on liquidity. Chances are they will. The market is more looking for that.
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