RBI to slash repo rate by 25 basis points, says Goldman Sachs | Editorji
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RBI to slash repo rate by 25 basis points, says Goldman Sachs

Mar 28, 2019 13:15 IST

Goldman Sachs has said that the Reserve Bank of India is likely to cut repo rate by 25 basis points in its April policy. The US-based investment bank has cited three factors - weakening of economic activity, benign inflation and soft global growth -- to justify its stand on the rate cut. The financial services firm also said that the central bank is likely to backtrack and re-introduce 'tightening' policy by 2020 as growth picks up and inflation breaches RBI's 4% target.