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Rate cut of 25 basis points by RBI
Posted on: 10/Mar/2016 11:11:26 AM
According to a report by Bank of America Merrill Lynch (BofA-ML), ahead of the scheduled policy review meet set for 5th April, the Reserve Bank of India will go for rate cut of 25 basis points.
In its research report, the BofA-ML stated that the RBI wants to include over USD 30 billion in FY17 targeted towards 5.5 percent growth.
This global financial services major says RBI is at the verge of buying Rs 20,000 crore more so as to enhance its liquidity.
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