Even though the RBI left the policy rates unchanged at the last policy meet citing upside risks to inflation, borrowers can expect lower rates going forward with second largest private lender HDFC Bank today saying there is more room for banks to lower lending rates.
Union Power Minister Piyush Goyal today said Kerala can buy electricity at lower rates if it faces power shortage.
Credit Suisse' Neelkanth Mishra expects repo rate to fall to a decade low in the coming quarters. He says that beginning December the market may see a robust and widespread pick-up which may boost indices.
RBI is unlikely to cut rates before April 2017, according to the Economist Intelligence Unit (EIU), which has said outgoing Governor Raghuram Rajan has tamed inflation by refusing to bow to the government's desire for lower rates.
Reliance Industries is operating a secondary unit at its Jamanagar refinery at lower rates following a technical glitch this week, industry sources said on Wednesday