According to a report, the governor of Reserve Bank of India, Raghuram Rajan will wait a month to cut interest rates again.
Though, Finance Minister Arun Jaitley committed to fiscal discipline in his third budget, which he presented on Feb 29thby lowering deficit target further for the fiscal year that will start from next month. But he offered very little in the way reforms for which investors were waiting since a long time.
Now investors and traders in financial markets are expecting that RBI governor will soon follow with a rate, like he did last year.
But most of the economists are saying that he would not repeat the surprise cut of 25 basis points that he delivered few days back after last year’s budget, with 20 of 28 saying a cut was unlikely before next moths’ policy review on 5th April.