On Wednesday RBI Likely to Cut Rates by 25 bps

All the Reserve Bank’s policy meeting on 7^th December. Almost a month following announcing its demonetisation move, the central bank will have its bi-monthly policy meet when the market is expect a cut. 

A reveals that economists and bankers are expecting at smallest amount a 25 basis pts rate cut. The respondents also expect a partial roll back of 100 % cash reserve ratio hike that was due to be reviewed by reserve bank of India on 9^th December.

Cash reserve ratio limit is likely to be maintained at the 4 % level. 

Approximately 70 % of the people are expecting a 50 bps rate cut by March 2017. Another 75 % believe that the RBI will lower its gross value added guidance to 7-7.5 % from 7.6 % due to demonetisation. 

As far as inflation is concerned, respondents are expecting it to remain unchanged at 5 % for March 2017, the poll reveals. No change in liquidity is expected in this meet. 

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