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How Low Can Interest Rates Go In India?
The policy repo rate could go as low as 1 percent if the Taylor Rule construct is applied, said Abhiman Das of IIM-Ahmedabad.
21 May 2020, 11:32 AM IST
With the Indian government’s Rs 20 lakh crore economic package likely to provide limited fiscal support to the economy, the onus now shifts back to monetary policy.A rapid collapse of growth, and the expectation that inflation will remain in check, is seen prompting India’s Monetary Policy Committee to cut rates once again when it meets in June. At 4.4 percent, the repo rate is already at its lowest. The reverse repo rate at 3.75 per...
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