Rahul Bajoria, India economist at Barclays, expects the Reserve Bank of India (RBI) cut rates by 25-40 basis points (bps) next month. Key quotes “We believe the RBI in its communication has effectively closed the door on an intermeeting move, but will probably still consider a cut in the April policy meeting. In the current circumstances of heightened uncertainty, rising global concerns and mounting downside risks, we believe the RBI may end up moving in a larger rather than smaller step to support the economy. We still expect the RBI to ease the rate further, with room for a 25-40bp cut in April, and at least 65bp reduction in policy rates by June 2020, with risks tilted towards further easing,” USD/INR Price Analysis: Seesaws between 10-day SMA, 23.6% Fibonacci 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 Japan FinMin agreed with China and S. Korea to cooperate on tackling coronavirus FX Street 2 years Rahul Bajoria, India economist at Barclays, expects the Reserve Bank of India (RBI) cut rates by 25-40 basis points (bps) next month. Key quotes “We believe the RBI in its communication has effectively closed the door on an intermeeting move, but will probably still consider a cut in the April policy meeting. In the current circumstances of heightened uncertainty, rising global concerns and mounting downside risks, we believe the RBI may end up moving in a larger rather than smaller step to support the economy. We still expect the RBI to ease the rate further, with room for a 25-40bp… 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.
