Coronavirus outbreak: Reserve Bank of India expected to cut rates

Mumbai: To deal with the economic fallout of coronavirus outbreak, the Reserve Bank of India is expected to ease the key lending rate soon.

Accordingly, industry watchers contend that RBI might go ahead and ease the lending rate before its scheduled MPC meet slated for April. The move might happen as early as late Monday or in the coming week.

In fact, experts pointed out that a conducive rate cut scenario has been built with the decline in both CPI and WPI rates that have declined in February. (IANS)

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