Experts agreed that the policy is accommodative, but the final impact will depend on how soon the lower rates are passed on to the end user.
While macro fundamentals have changed, cutting rates at this stage could raise credibility issues
In a surprise decision, the Reserve Bank of India (RBI) has announced a pause in the key policy repo rate, which stands at 6.50 percent.
Market reaction, in terms of yield level, has been decisively positive
According to CNBC-TV18 poll, 100 percent of the respondents that include top brokers and economists do not expect any action from the RBI on the repo rate and CRR.