RBI to unveil this fiscal's first bi-monthly policy decision on Thursday
A back-to-back cut in interest rate would provide relief to borrowers in the election season, experts say. Ratings firm ICRA said: "We expect a 25 bps rate cut in the upcoming meeting of monetary policy committee..."
The RBI had cut the repo rate by 25 basis points (bps) or 0.25 per cent in February after a gap of one-and-a-half years. Photo: Reuters