Bank Policy Tuesday: Rates on the decline but policy rates intact

As was most likely, RBI kept to its calendar and avoided cutting CRR or bank rates in the December policy. That means February is likely to see the 50 bp cut in Repo and likely some cut in CRR as well. However it seems though I id not catch all of it other commentators including C Rangarajan have seen that the Indian banking system is more than ready to cut rates and Fixed income markets may not see a big spike after the policy and start their trend to below 8% 

 

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