RBI may cut rates by another 25 bps in 2019: Fitch Ratings
The Reserve Bank of India (RBI) is likely to cut interest rates by another 25 basis points in 2019, following three cuts of a similar quantum so far, due to weak growth momentum and inflation remaining within targeted limits, Fitch Ratings said on Monday.
RBI cut the repo rate to 5.75% on June 6, its third cut in 2019, while also changing its policy stance to "accommodative," after data showed the economy growing at its slowest in over four years. PTI