?In the last MPC meeting when we took a pause, I don't know why the market was surprised, said RBI Gov Shaktikanta Das.
For now, Chairman Jerome Powell sounded a bullish note about the economy in a news conference after the Fed’s latest policy meeting.
With current inflation remaining benign, we expect RBI to opt for a 40 bps rate cut, said Yes Bank's Yuvika Oberoi.
Industry finds that the stress fund allocated to the housing sector with several riders will not increase demand among homebuyers.
He said that the RBI has been cutting rates to give a boost to the economy as slowdown was visible for past few months.
Federal Reserve will ultimately cut rates all the way to zero.
Powell not eager to give Trump the larger cut he asked for.
Interest rates have been reduced by 50-75 basis points (bps) for time deposits with shorter tenors of up to 179 days.
RBI cut the repo rate to 5.75 per cent on June 6, its third cut in 2019, while also changing its policy stance to ‘accommodative’.
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