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‘Taylor Rule’ Suggests Limited Scope For More Rate Cuts In India
A BloombergQuint analysis using the ‘Taylor Rule’ suggests limited scope for more rate cuts in India
13 Aug 2019, 12:34 PM IST
India’s monetary policy committee cut interest rates for the fourth time in 2019 last week — this time by 35 basis points — taking the total quantum of rate cuts to 110 basis points.The committee maintained an ‘accommodative’ stance, suggesting that further rate cuts are possible. But a comment from RBI Governor Shaktikanta Das, suggesting that a 50 basis point cut may have been “excessive”, left markets wondering whether there is mu...
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