New Delhi, June 5 -- The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) will begin their its two-day meeting in Mumbai to assess the current interest rate outlook.

Market analysts are rightly anticipating a rate cut in the upcoming RBI MPC announcement on Friday. However, experts believe that a 25 bps cut seems most likely, there's a strong case for a deeper 50 bps cut to further support credit growth and economic momentum.

The RBI has, in the past, opted for bold 50 bps cuts during 2012, 2015, and 2020, to counter domestic slowdowns or to frontload support for growth. However, the global backdrop today is markedly different.

Over the past six months, the U.S. Federal Reserve has held its benchmark rate steady at 4.25%-4...