An­other 50 bps Rate Cut Likely: Mor­gan Stan­ley

The Economic Times - - Companies -

The Re­serve Bank is ex­pected to go for an­other 50 ba­sis points rate cut in the cur­rent fi­nan­cial year as there is room for fur­ther eas­ing in mon­e­tary con­di­tions, a Mor­gan Stan­ley re­port says. Ac­cord­ing to the global fi­nan­cial ser­vices firm, food in­fla­tion is likely to stay be­nign given that the In­dia Me­te­o­ro­log­i­cal De­part­ment has re­cently re­leased a fore­cast of above nor­mal mon­soon for 2016. — PTI

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