A snap poll conducted by Business Standard on Monday reveals that a overwhelming majority of bankers feels the Reserve Bank of India (RBI) may cut the benchmark bank rate in its monetary & credit policy. On cash reserve ratio (CRR) too, half of those polled say the RBI will bite the bullet.
But only one among the 12 participants said the central bank will tinker with the repurchase rate.
Business Standard spoke to senior bankers, debt and foreign exchange dealers and primarily dealers for the poll.
The three questions asked were: Will the RBI cut the bank rate, CRR and repo rate. If yes, the respondents were also asked to quantify the quantum of the likely cut. An overwhelming majority