RBI surprised the market with a higher than expected rate cut this time. Do you think the rate cuts will continue or will there be a pause?
The RBI governor said that they had looked at various options for the rate cut and they thought that maybe 25 bps was insufficient and 50 bps would be too much. It looks like the RBI doesn’t see an enormous scope of rate cuts with the current data. Also, we didn’t see market reacting to the higher-than-expected rate cut. The yields didn’ ..
