Dent on growth bigger than RBI’s estimates : Study

“In this backdrop, and barring any major global disruption, we believe growth and inflation readings will be supportive of policy easing,” it said.

Nomura expects the RBI to cut the repo rate by 25 bps to 6 per cent in February and stay on hold thereafter, once the transitory effects start to fade.

On December 7, RBI kept interest rates unchanged despite calls for lowering it while it slashed the economic growth projection by half a per cent to 7.1 in the first policy review post demonetisation.

From Agencies, Feature image courtesy financialexpress