US economic recession..! What is RBI's stance on repo rate..?
US economic recession..! What is RBI's stance on repo rate..?
With India's economy solid and continuing to grow, the RBI is expected to leave the repo rate unchanged for the ninth consecutive time in its 2-day monetary policy decision on august 8. But what will be the RBI's stance as there is talk of cutting interest rates on an emergency basis as the US economy has reached a plateau? Beyond cutting interest rates amid growing concerns about a US economic slowdown, the US central bank, the Federal Reserve, plans to buy back $50 billion worth of government bonds over the next three months. The Reserve bank of India's bi-monthly monetary policy meeting is taking place at such an important time.
With India's economy solid and continuing to grow, the RBI is expected to leave the repo rate unchanged for the ninth consecutive time in its 2-day monetary policy decision on august 8. But what will be the RBI's stance as there is talk of cutting interest rates on an emergency basis as the US economy has reached a plateau? Beyond cutting interest rates amid growing concerns about a US economic slowdown, the US central bank, the Federal Reserve, plans to buy back $50 billion worth of government bonds over the next three months. The Reserve bank of India's bi-monthly monetary policy meeting is taking place at such an important time.
The US Federal Reserve's emergency interest rate cut and the T-bills buyback program are expected to cause significant changes in the US trading market. With this, the bank OF INDIA' target='_blank' title='reserve bank of india-Latest Updates, Photos, Videos are a click away, CLICK NOW">reserve bank of india is likely to cut the repo rate in the next monetary policy meeting.