RBI may cut India bank rate Q2 of 01/02-JP Morgan

INDIA - India's central bank, which on Apr 19 released a monetary policy statement without any changes in rates, is expected to lower its benchmark bank rate later this year, JP Morgan Securities India said in a research report.

Widening interest differentials with developed countries, slowing industrial growth and benign inflation are likely to prompt the Reserve Bank to cut the bank rate by half a point to 6.5 percent in the second quarter of the fiscal year (April-March), it said.

The bank rate

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