RBI monetary policy delivers no surprises4 min read . Updated: 03 Aug 2017, 06:11 AM IST
A rate cut by RBI was perhaps a foregone conclusion given that the global and domestic economy are both caught in a vicious cycle of low growth and low inflation
The Reserve Bank of India (RBI)’s decision to cut the repo rate by 25 basis points was as per the market consensus and there were no major surprises. However, the policy did spring a gentle surprise by devoting considerable attention to growth pangs and projecting an inflation trajectory that is now a lot closer to ground realities.
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