New Delhi, March 31 -- The Reserve Bank of India (RBI) appears on track for another round of monetary easing in its April Monetary Policy Committee (MPC) meeting, according to Bank of America (BofA) Global Research. The firm expects the central bank to cut the repo rate by 25 basis points (bp), bringing it down to 6 percent. BofA said the path for further easing seems clear, with headline inflation likely to remain below 4 percent over the next few months and exchange rate pressures easing substantially.

BofA highlighted that the alignment of economic data-including stable but non-inflationary growth and subdued price pressures-should provide the RBI with enough room to continue its rate-cutting cycle. The firm, however, cautioned that t...