Repo Rate Cut & Its Af­ter­math

The Economic Times - - The Edit Page -

Apro­pos ‘Game, Set and Match To…?’ by Mythili Bhus­nur­math (Apr 4), it is ex­pected that the Fed will not im­me­di­ately raise the rate as it was cal­i­brated ear­lier. All over the world, com­mod­ity prices, em­ploy­ment data and in­dus­trial pro­duc­tion are not re­cov­er­ing as per ex­pec­ta­tions. This pro­vides space to the RBI gover­nor to cut the repo rate today in a bid to re­vive the econ­omy. The only ques­tion is by 25 or by 50 ba­sis points. But is the com­mon man ready to ac­cept lower in­ter­est rates on bank de­posits, which will be an un­avoid­able out­come of the rate cut?

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