News From Press RBI to cut rates soon? What should mutual fund investors do?

RBI to cut rates soon? What should mutual fund investors do?

"The Reserve Bank of India is monitoring global and domestic developments closely and continuously and stands ready to take appropriate actions to ensure the orderly functioning of financial markets,maintain market confidence and preserve financial stability,” Shaktikanta Das said in a statement.

ET Mar 6, 2020

Coronavirus scare might lead to an unexpected rate cut by RBI. Following the footsteps of US Federal Reserve, the Indian banking regulator may also cut policy rates soon, say money market participants. The US Fed has slashed policy rates by a surprise 50 basis points (100 basis points = 1%) on Tuesday to contain the threat posed by the discovery of more virus cases to the global economy.

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