Several debt mutual fund managers believe that the Reserve Bank of India (RBI) is likely to reduce its policy rates by 25 basis points in its third bi-monthly monetary policy review tomorrow.
"Favourable data, retail growth, inflation and all other numbers make a strong case for a rate cut by the RBI," says Murthy Nagarajan, Head-Fixed Income, Tata Mutual Fund. "The monsoon has been two per cent above normal till the end of last month. Also, the inflows from FIIs and DIIs have be ..