State Bank of India’s research team has made a case for the Reserve Bank of India to undertake a jumbo rate cut of 50 basis points, arguing that such decisive action would be more effective than the gradualist approach typically favoured by the central bank.In a report released today, SBI Research lays out a strong macroeconomic case for an accelerated monetary easing cycle, estimating that policy rates could fall as low as 5.0-5.25% by March 2026.
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