Reserve Bank May Cut Rates by 0.25% Before Policy Meet: BofA-ML

New Delhi: The Reserve Bank of India is expected to go for a 25 basis points rate cut on or before its scheduled policy review meet on April 5, says a Bank of America Merrill Lynch (BofA-ML) report. "RBI needed to inject about $30 billion in FY17 to fund 5.5 per cent growth (in the old GDP series)," BofA-ML said in a research report, adding that "on balance, we expect Governor Rajan to cut rates by 25 bps by April 5". According to ...