RBI MPC meet FY25: Repo rate to be same at 6.5%, say brokerages, banks

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Key Points

Foreign brokerages and banks, Goldman Sachs, Barclays and Morgan Stanley, have stated that the MPC may keep the repo rate on hold in the first half of the fiscal even as the central bank continued to enjoy expanding space to cut interest rates, if needed...

Santanu Sengupta, Chief India Economist, Goldman Sachs India said, With 1HCY24 headline inflation still above the RBIs target, we maintain our view that the RBI will keep the policy repo rate unchanged at 6.5 per cent at the April 5 meeting, sounding optimistic on growth, acknowledge Jan-Feb average core inflation at 3.5 per cent, but continue to reiterate the commitment to the 4 per cent headline inflation target...

Upasana Chachra, Chief India Economist, Morgan Stanley said in a recent research note that it sees RBI go in for two rate cuts of 25 basis points each, but pushed the first rate cut forward from its earlier expectation of June to August/September...

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