RBI to cut rates again before polls; BJP win best for economy: Reuters poll


The Reserve Bank of India will cut rates for a second consecutive time when its three-day policy meeting ends on Thursday, shortly before the first phase of the national election begins, a Reuters poll found. Those expectations for another rate cut have strengthened over the past month after Shaktikanta Das was appointed as the new RBI Governor in December.

Lending rates were lowered and the policy stance shifted at his first meeting in February. While the central bank justified that move by highlighting a lower inflation outlook.

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