Monsoon is a good sign for Indian Economy. As Raghuram Rajan has said earlier that the rate cut may depend on the good monsoon, but you can expect it even if God is not sending enough monsoon for us. Yes. According to a statement of Citigroup, RBI may cut rates as inflation is likely to be 5%. The last rate cut by RBI was in June 2015. After this move, many leading banks have cut the base rate like ICICI, HDFC, AXIS Bank, etc.
Why should we expect a Rate Cut from RBI? Read more...
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