'Expect 75 bps more cut by RBI over FY16'

June 04, 2015 18:07

The Reserve Bank is likely to further cut the key lending rate by 75 basis points in the current fiscal despite its hawkish stance, although it may hold the pause button in the next monetary policy review, a UBS report said today. The global financial services major said RBI has to bring down inflation expectations and it is still too early in the rate easing cycle for it to turn dovish.

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