Repo rate could be cut by 0.2%, CRR cut before policy: Bank of America
N Seshadri, ED of Bank Of India and Jayesh Mehta, Country Treasurer at Bank of America discuss WPI inflation data for the month of May, which saw a marginal rise to 7.55 per cent. According to Jayesh Mehta, RBI is now likely to cut repo rates by 0.25 per cent while a CRR cut is likely before the policy announcement next week. N Seshadri says that a CRR cut is required to restore liquidity in the system.
