Monday, June 1, 2015

THE MARKET EXPECTS RBI GOVERNOR 
TO CUT BENCH MARK RATE TO ATLEAST
25BPS AT THE JUNE 2,MONETARY POLICY
REVIEW.

 Will he do it?.The bench mark repo rate is now 7.50%.
With the international crude oil price going up
and the prediction of irregular monsoon between
June to september will weigh heavily in the RBI
Governor's mind.RBI cut rate in January & March by 25 bps which was not passed 
on the customers by many banks.RBI does not seem to be happy about this.May be,
RBI will cut interest by another 25bps which may force the banks to pass it on to
the customers.

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