New Delhi: In order to generate demand in the market, the Reserve Bank may cut interest rate again in the coming time. The central bank may reduce the repo rate by a quarter of a per cent (0.25) in December. Brokerage companies have expressed such hope. After this, the process of cutting can stop. The Reserve Bank's Monetary Policy Committee (MPC) on Friday reduced the repo rate by 0.25 per cent to 5.15 per cent. Goldman Sash has said in a report that there is a high expectation that the RBI will reduce the repo rate by a quarter to 4 per cent to 4.90 per cent in the December monetary review.
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According to the report, this corresponds to our estimate of an additional rate cut by the US central bank Federal Reserve in October. According to the report, after December, the central bank can stop the policy rate cut, as inflation will be close to four per cent, then the rate cut will not be further cut. After that, the Monetary Policy Committee will see how much the rate cut has been effected.
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Also what is the effect of softening in monetary stance. Also, how effective the government announcements have been. It is known that after the rate cut by the Reserve Bank on Friday, 135 basis points have been cut so far this year. IDFC Mutual Fund said that the global growth slowdown is continuing and recently the crude oil supply has seen more than expected.
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