New Delhi, June 6 -- With inflation under control, it seems likely that the Reserve Bank of India (RBI) will cut its policy repo rate on Friday. Many observers expect no less. Whether it'll be a quarter of a percentage point cut or half has been under debate.

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To the comfort of monetary policymakers, inflation has been below RBI's 4%-target for some months now and could drop below 3% in May. Besides, crude oil prices have been stable, diminishing the risk of an inflated import bill. Meanwhile, India's economy grew a robust 7.4% in the three months through March, although America's disruptive trade policy could get in the way of this momentum.

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