RBI likely to cut repo rate by 0.25% at next week's review: Crisil

The RBI has already cut rates by 1.15 per cent in two moves since the onset of the Covid-19 pandemic in March

The Reserve Bank is likely to cut rates by 0.25 per cent at next week's policy review even though inflation remains on the higher side, domestic ratings agency Crisil said on Friday.

On the price rise scenario, it said the situation has evolved in such a way that while the end consumer is paying high for food articles, the farmer is getting less because of a dip in wholesale prices.

Many analysts have been expecting the RBI to continue with its rate cuts to prop up the economy, which is set to contract in FY21, while some are wagering on