reserve Bank of India
The Reserve Bank of India can cut the repo rate once again in the month of October. This time the repo rate can be cut by 25 basis points towards RBI. This will directly benefit on the common man’s pocket. It can be cheaper to take loans from banks in the coming days.
Global brokerage firm Morgan Stanley believes that RBI may again cut the repo rate by 25 basis points in October. However, the Reserve Bank of India can keep the interest rates the same in the next meeting of August. If inflation is further reduced, the chances of cutting rates may increase. The repo rate is the rate on which RBI gives loans to banks, and due to its low cost of loan can decrease.