Good move by RBI to cut repo rates by 50 bps: Tushar Poddar

Our key view remains that core inflation will be well contained in FY13 , allowing for an easing of 125 bps in the repo rate by the RBI in 2012 and 150 bps in FY13, says Tushar Poddar, Goldman Sachs.

April 18, 2012 / 08:51 IST

Tushar Poddar, Goldman Sachs said, "We think it was a good move by the RBI to cut repo rates by 50 bps to get ahead of market expectations, and will largely be passed through into deposit and lending rates by banks. Our key view remains that core inflation will be well contained in FY13, allowing for an easing of 125 bps in the repo rate by the RBI in 2012 and 150 bps in FY13."

first published: Apr 18, 2012 08:21 am

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