Expect 25bps CRR cut; repo rate to remain unchanged: Poddar

We expect the RBI to keep the Repo Rate unchanged, while we expect a CRR cut of 25 bps. The RBI will not be in a position to cut rates due to inflation remaining well above its comfort zone, says Tushar Poddar, Goldman Sachs.

October 30, 2012 / 08:49 IST

Tushar Poddar, Goldman Sachs said, "We expect the RBI to keep the Repo Rate unchanged, while we expect a CRR cut of 25 bps. The RBI will not be in a position to cut rates due to inflation remaining well above its comfort zone. There are still no signs of inflationary pressures abating for the RBI to change its current stance."

first published: Oct 30, 2012 08:35 am

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