New Delhi, April 7 -- As global markets continue to see a sharp decline, several economists are urging the Reserve Bank of India (RBI) to take stronger steps in its upcoming monetary policy meeting.
In an exclusive interaction with ANI, economists suggest that the current global and domestic conditions present a good opportunity for the central bank to cut interest rates.
Debopam Chaudhuri, Chief Economist at Piramal Group, suggested that the RBI should consider front-loading the rate cuts to support the Indian economy.
He said, "RBI should consider front-loading rate cuts, and a 50-basis-point cut in April can be a good pre-emptive move. Domestic inflation is low, globally, yields are coming down, and USDINR has regained some of its l...
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