RBI can reduce 25-50 basis points in repo rate, economy will get speed: report
New Delhi:
The Reserve Bank of India can cut the repo rate up to 25-50 basis points in the repo rate in the coming months to promote the growth rate. Apart from this, several steps can also be taken to increase liquidity. This information was given in a report on Monday.
Repo rate cut by 5.7% possible: Report
According to the report of MK Global Financial Services, the Repo Rate Cut started in the Monetary Policy Committee (MPC) meeting held in February. It was clear from the minutes of the meeting that the opinion of all the members was the same on the need for rate cut to support development. The report estimated that the repo rate can be reduced to 5.7% in the coming time.
RBI has enough opportunity to reduce repo rate
The report said that inflation rate has declined in the last few months, which has enough opportunities for RBI to cut repo rate to strengthen the growth rate. The report of Kotak Research (Kotak Research) also indicates this.
Repo rate has already decreased in February
Earlier this month, RBI Governor Sanjay Malhotra reduced the repo rate by 25 basis points to 6.25%. He had said that inflation has decreased and it can gradually come in accordance with the target of RBI.
If there is a cut in the repo rate further, it will be cheaper to take a loan, which will increase cash flow in the market and strengthen the economy.
