Research ReportsMonetary Policy Preview — Will RBI Acquiesce To Rate Cut Demands Or Stay Put? Systematix' Analysis
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Monetary Policy Preview — Will RBI Acquiesce To Rate Cut Demands Or Stay Put? Systematix' Analysis
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, adds the brokerage.
With the budget providing a tax rebate of Rs 1.0 trillion to the income taxpayers to resurrect demand, it is now the turn of the RBI to relent.
(Photo: Vijay Sartape/NDTV Profit)
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