RBI may cut interest rates by 25 bps: BofA-ML
The RBI is expected to cut key interest rates by 25 basis points on or before its scheduled policy review meet on April 5, according to a Bank of America Merrill Lynch (BofA-ML) report. RBI needs to inject $30 billion in FY17 to fund GDP growth and is expected to buy government bonds worth ₹20,000 crore this month, it added.