RBI likely to cut rate by 0.25% tomorrow

August 03, 2015 12:10

Research firm Moody's Analytics today said the Reserve Bank is likely to cut the benchmark rate by 0.25 per cent in its monetary policy review tomorrow as inflation is likely to remain subdued on the back of average rainfall and lower commodity prices.

"The Reserve Bank of India could deliver fireworks in its monetary policy meeting on Tuesday by cutting the repo rate by 25 basis points to 7 per cent," it said in a report, 'Asia Spotlight: More Rate Cuts in India'. Moody's Analytics is a division of Moody's Corporation and is engaged in economic research and analysis.

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