The Reserve Bank of India (RBI) is seen reducing its key rates at its meeting today, suggested Lee Sue Ann, Economist at UOB Group. Key Quotes “The RBI reduced its policy repo rate by 40 bps to 4.0% in an unscheduled monetary policy meeting on 22 May. RBI had explicitly stated that ‘more (policy) space will open up to address the risks to growth’, even after the surprise 40 bps cut to its repo rate.” “As such, we pencil in another 25 bps cut in its upcoming meeting, and another 25 bps in 4Q20 to bring the benchmark rate to 3,5% then”. 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 USD/CHF Price Analysis: 23-month-old support line keeps buyers hopeful FX Street 2 years The Reserve Bank of India (RBI) is seen reducing its key rates at its meeting today, suggested Lee Sue Ann, Economist at UOB Group. Key Quotes “The RBI reduced its policy repo rate by 40 bps to 4.0% in an unscheduled monetary policy meeting on 22 May. RBI had explicitly stated that ‘more (policy) space will open up to address the risks to growth’, even after the surprise 40 bps cut to its repo rate.” “As such, we pencil in another 25 bps cut in its upcoming meeting, and another 25 bps in 4Q20 to bring the benchmark rate to… 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.
