News From Press Franklin Templeton expects 25 bps rate cut in near term; inflation may surprise on downside

Franklin Templeton expects 25 bps rate cut in near term; inflation may surprise on downside

Source: Moneycontrol Jun 9, 2017

The RBI maintained its neutral policy stance, asserting that it would “remain watchful of incoming data” as it needs to gauge “whether or not the unusually low momentum in the reading for April will endure”, stated Franklin Templeton Investments in its note on second RBI Bi-Monthly Monetary Policy Review FY18.

The Reserve Bank of India (RBI) Monetary Policy Committee (MPC) kept the key policy rate unchanged at 6.25 percent for the fourth time in a row.

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