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RBI Could Make Loans Cheaper Today: 10 Things To Know

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Banks typically cut deposit rates once the RBI lowers the policy rate


The Monetary Policy Committee, headed by Reserve Bank of India Governor Urjit Patel, is expected to announce a rate cut today. A sharp moderation in retail inflation over the past few months has brightened hopes for further monetary policy easing from the central bank, which changed its stance to neutral from accommodative at the start of the year. Forty of 56 economists polled by Reuters predicted the RBI cutting its repo rate by a quarter percentage point to 6 per cent on Wednesday. Two respondents said the central bank would cut the rate by 50 basis points. The RBI is expected to announce its decision at 2:30 pm today.

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Written by Anadkat Madhav

I am a software engineer, project manager, and Mobile Application Developer currently living in Rajkot, India. My interests range from technology to entrepreneurship. I am also interested in programming, web development, design, Mobile Application development.

You can also contact me through my website
madhavanadkat.com

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