Whether Reserve Bank of India submits to the mounting pressure for rate easing or not is an open question. But in the context of structural growth dampeners, counter-cyclical easing it will be futile
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Systematix Research Report
Ahead of monetary policy announcement, expectations are rife that RBI will embark upon interest rate easing-cycle following a two year long break from the post pandemic rate normalization cycle that saw 250 bp hike in the policy repo rate to 6.5%.
While many have been advocating rate easing cycle for several quarters, RBI failed to oblige. But this pressure has intensified following the recent budget announcement.
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