Shubhada Rao, chief economist, Yes Bank believes that Reserve Bank of India's (RBI) macro economic policy report is less hawkish, though it is not completely dovish and expects a CRR cut tomorrow.
In an interview to CNBC-TV18, Rao said, "We have been advocating our cut in CRR of 50 basis point for quite sometime now because the systemic liquidity remains in deficit mode and significantly higher than what RBI perhaps has itDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
