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RBI Monetary Policy: Potential For Two More Rate Cuts, Says Keki Mistry
There will now be a growth pick up in the system, Mistry said, expressing optimism about the policy’s impact on economic growth.
07 Feb 2025, 11:44 AM IST 
The Reserve Bank of India’s Monetary Policy Committee on Friday reduced the benchmark lending rate, marking the first rate cut in five years. (Photographer: Vijay Sartape/NDTV Profit)
There could be two more rate cuts ahead, depending on good monsoon and better domestic growth pickup, said HDFC Bank's Keki Mistry. This comes as the Reserve Bank of India Monetary Policy Committee cut the benchmark repo rate by 25 basis point to 6.25% on Friday.“Don’t think the governor seems too worried about inflation...Could see two more rate cuts if we see good monsoons," said Mistry, additional non-executive director of the ban...
