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Last Updated : Aug 05, 2019 03:22 PM IST | Source: Moneycontrol.com

Editor's Take | RBI MPC meet starts August 5; rate cut expected

Since February, the central bank has reduced the repo rate by 75 basis points in three successive reviews.

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The Reserve Bank of India’s Monetary Policy Committee (MPC) is expected to deliver a fourth consecutive rate cut of 25 basis points on August 7, amid concerns of a deepening economic slowdown.

Last month, the International Monetary Fund cut its growth projection for India by 30 basis points to 7 percent, citing weaker-than-expected outlook for domestic demand. It also slashed its global economic growth forecast by 10 basis points to 3.2 percent in 2019.

Stanford Masters gets in a conversation with Moneycontrol's Deputy Executive Editor Ravi Krishnan to understand the expectation from the meet.

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First Published on Aug 5, 2019 03:22 pm
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