 "Majority expects easing cycle to continue in May 3 policy review: RBS survey")
Royal Bank of Scotland's (RBS) 16th clients' survey on the Reserve Bank of India (RBI)'s quarterly policy review meeting showed majority of the respondents expect the easing cycle to continue with a repo rate cut.
More than 80 per cent of the respondents expect at least a 25 basis-point cut in the repo and reverse repo rates on May 3 (72-74 per cent expect 25 basis points while 10 per cent expect 50 basis points). Market participants seem to be evenly split between 25 basis points cut and no cut in the cash reserve ratio on May 3. The survey covered 130 local market participants, including corporate clients, banks, insurance companies and mutual funds.
More than 80 per cent of the respondents expect at least a 25 basis-point cut in the repo and reverse repo rates on May 3 (72-74 per cent expect 25 basis points while 10 per cent expect 50 basis points). Market participants seem to be evenly split between 25 basis points cut and no cut in the cash reserve ratio on May 3. The survey covered 130 local market participants, including corporate clients, banks, insurance companies and mutual funds.