RBI may go for further 25 bps rate cut in August policy meeting: Experts

The Reserve Bank is likely to go for a minimum 25 basis points cut in key lending rate in the forthcoming monetary policy review in view of the pressing need to revive the coronavirus-hit economy, feel experts.

The Monetary Policy Committee (MPC), headed by RBI Governor, is scheduled to meet for three days beginning August 4 and will announce its decision on August 6.

The central bank has been taking steps proactively to limit the damage to the economy caused by the outbreak of Covid-19 pandemic and subsequent lockdowns to prevent the spread of the disease.

A fast-changing macroeconomic environment