RBI may cut rates by 100 bps between Mar-Sep: Merrill

Moneycontrol Bureau

Bank of America Merrill's India economist Indranil Sen Gupta sees the Reserve Bank of India cutting benchmark rates by 100 basis points between March and September this year. Gupta supports his argument on two pillars: first, credit offtake is falling faster than expected. Second, India is the only major economy where lending rates have risen above their 2008 peak.

Excerpts from the Bank of America Merrill Lynch(BoAML) reported dated January 2.