RBI MPC begins, likely to go for 25 bps rate cut on April 9, says SBI report
Mumbai, April 7 (IANS) As the Reserve Bank of India (RBI) began its Monetary Policy Committee (MPC) meeting (from April 7-April 9) here, SBI Research on Monday said it expects a 25-basis point rate cut in the policy and cumulative rate cut over the cycle could be at least 100 basis points, with two successive rate cuts over February and April.