The consensus in the financial markets, and indeed among all economy watchers, is that a cut in the repo rate in the February monetary policy is a done deal. However, there might be a contrarian, less popular view that might question its certainty.The RBI will decide on rate action amid two recent and important economic developments –first the budget and second the commencement by the US of the much-feared trade wars with the imposition of high tariffs against its neighbours, Mexico and Canada, and then China.
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