Analysts at Standard Chartered forecast another 40bps reduction in the repo rate to 4.75% by FY21 as India’s MPC remains focused on growth. Key quotes “We expect a 15bps repo rate cut at the December meeting as the MPC tries to balance a sharper-than-expected growth slowdown and a temporary inflation spike near-term.” “This is likely to reflect in another downward revision of the MPC’s FY20 growth projection and an upward adjustment in its inflation forecast in December.” “While we expect a dovish stance to be maintained, indicating more cuts ahead, the MPC is likely to pause temporarily after December as it assesses the improvement in economic activity in H2-FY20 and the transmission of 135bps of rate cuts delivered to date, as the recent improvement in global sentiment gives it room for a pause.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next TRX/USD Technical Analysis: The TRON structure is looking slightly better than some of the other major cryptos and altcoins FX Street 3 years Analysts at Standard Chartered forecast another 40bps reduction in the repo rate to 4.75% by FY21 as India's MPC remains focused on growth. Key quotes "We expect a 15bps repo rate cut at the December meeting as the MPC tries to balance a sharper-than-expected growth slowdown and a temporary inflation spike near-term." "This is likely to reflect in another downward revision of the MPC's FY20 growth projection and an upward adjustment in its inflation forecast in December." "While we expect a dovish stance to be maintained, indicating more cuts ahead, the MPC is likely to pause temporarily after December… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
