RBI likely to cut rates by 0.25% this fiscal: HSBC
The RBI is likely to cut rates by 25 bps (0.25%) this fiscal as it will achieve the inflation target in view of the Centre's demonetisation move that may put additional downward pressure on prices, global financial services major HSBC said. However, the rate cut's timing will depend on market volatility around the US Fed's upcoming policy meeting, HSBC stated.