“The government has taken a series of measures in the last few weeks to drive structural changes in the Indian economy. However, most of these are enabling provisions to ease supply side pressures while the key challenge of reigniting demand remains. Thus, we are hoping that the central bank to cut the key signalling rate of repo by 25 bps to 5.15% next week to complement the government's fiscal stimulus. The rate cut will also come ahead of the onset of the festive season, which is a crucial period for a number of sectors like real estate, auto and consumer goods.”
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