RBI Governor Sees Scope To Cut Policy Rate In December

RBI has room to cut rates, says UBS Global Wealth Management

Tan Teck Leng, UBS Global Wealth Management's Executive Director and APAC FX and Macro Strategist explains his base case for the RBI to cut rates one …

RBI Governor Sees Scope To Cut Policy Rate In December

India’s central bank Governor Sanjay Malhotra said recent macroeconomic data reinforces the case for a cut in the benchmark rate, triggering a drop in bond yields. The nation’s consumer price index rose 0.25% in October from a year earlier, the lowest since the current CPI series began in 2012, and markets expect the central bank to cut rates at its policy review on on Dec. 5. The central bank has lowered the benchmark repurchase rate by 100 bps…