RBI set to cut rates by 25-50 basis points: experts
The RBI is set to cut rates by 25-50 basis points, say Ranjan Dhawan of Bank of Baroda and Jayesh Mehta of Bank of America. Mr. Mehta adds that bond yields may ease to 7.60 per cent if the RBI cuts rates by 50 bps. Mr Dhawan also says that banks will most likely follow with base rate cuts if the RBI slashes rates.
