RBI likely to cut interest rates today
It is expected that Rajan will cut repo rate for the third time in 2015 to propel the economic growth.
Media reports said the stock markets have already factored in a 25-basis point reduction in repo rate.
According to a Reuters report, the RBI is set to cu the rates to ease inflation.
A Reuters poll showed 35 of 48 economists expected the RBI to cut the repo lending rate by a quarter percentage point to 7.25 per cent after lowering it by the same amount in January and again in March. Three expected a 50 basis point cut, reported Reuters.
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