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    • RBI to hold rates tomorrow, 'final' cut in August: BofA-ML

      The brokerage expects RBI Governor Raghuram Rajan to stick to the dovish April commentary and cut interest rate by 25bps in August depending on how monsoon pans out.  Rate cut in August could put brakes on monetary policy easing, it says.

    • Nirmal Bang cautions of sharp volatility if rate not cut

      The market is hoping for a 25 basis point rate cut from Reserve Bank of India (RBI) on Tuesday. If the central bank disappoints then one should be ready for sharp intraday volatility in the banking index, which could hit the overall market sentiment.

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