Market, economists see a rate cut in RBI's April 4 monetary policy review

All 15 participants in a BS poll say they expect at least 25 bps cut in April 4 meeting

Economists and bank treasurers are almost certain that the six-member monetary policy committee (MPC) of the Reserve Bank of India (RBI) will cut the policy repo rate by at least a quarter percentage point in its April 4 review meeting.
 
All the 15 participants in a Business Standard poll, comprising three top bank treasurers and 12 senior economists, said they expected at least a 25 basis points (bps) cut. Some even said they expect 50 bps cut, or even a cut in the cash reserve ratio as growth dives, even as heavy government borrowing meant liquidity conditions should be