RBI set to cut rates 3rd time in row
[ad_1] Mumbai: RBI is expected to cut the its benchmark rate by 25 basis points for the third successive time and continue with its supportive liquidity stance when the monetary policy committee concludes its three-day meeting on June 6. Economists say slowing growth and contained inflation leave room for further easing in monetary policy.India's GDP growth slowed to 6.5% in FY25 from 9.2% the previous year, though the March quarter saw a better-than-expected print of 7.4%. Inflation, meanwhile, remains within the RBI's 4% target. In April, RBI reduced its repo rate - the rate at which it lends to banks - by 25bps (100bps = 1 percentage point) to 6%."We do believe that given the rather benign inflation conditions and the liquidity situation which has been made very comfortable through various measures of RBI, the MPC would go in for […]