Economists urge RBI to cut interest rates as global markets decline ahead of April 9 policy decision
New Delhi: With global markets witnessing a sharp downturn, several economists have called on the Reserve Bank of India (RBI) to consider cutting interest rates in its upcoming monetary policy meeting scheduled for April 9.
In an interaction with ANI, experts highlighted that current global and domestic economic trends present an opportune moment for the central bank to take bold measures to support growth.
Debopam Chaudhuri, Chief Economist at Piramal Group, suggested that the RBI should front-load rate cuts. “A 50-basis-point cut in April can be a good pre-emptive move. Domestic inflation is low, global yields are declining, and the rupee has regained some ground against the dollar. These trends offer a strong case for aggressive rate cuts,” he said.
However, not all economists are in favour of such a sharp cut. Sonal Badhan, Economics Specialist at Bank of Baroda, advocated a more cautious approach. “We expect a 25-basis-point rate cut, as the RBI will wait for greater clarity on the monsoon. That said, the policy stance is likely to shift to ‘accommodative’, which could pave the way for additional cuts based on macroeconomic developments,” she noted.
Globally, central banks are facing increasing pressure due to economic uncertainties, intensified by recent tariff announcements from U.S. President Donald Trump. These protectionist moves have raised concerns about their impact on global trade and inflation control.
The RBI’s monetary policy committee began its meeting on Monday in Mumbai. The final decision on policy rates will be announced on April 9.
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“Mistake owing to communication gap,” MLA Yatnal clarifies over alleged derogatory speech on Prophet
Vijayapura: Vijayapura MLA Basanagouda Patil Yatnal has denied making any derogatory statement about Prophet Muhammad, clarifying that there was a misstatement during his speech at a Ram Navami event in Hubballi. "I did not speak about Prophet Muhammad. I meant to refer to Muhammad Ali Jinnah, but there was a mistake in the speed of speech," he said addressing reporters on Monday.
He alleged that members of the Congress, frustrated by their hooliganism and failure to collect their hafta (extortion) in Vijayapura are using the Prophet as an excuse to speak against me. “There is no culture of denigrating another religion in Hinduism. Our gurus and elders have not taught us that,” he said.
Responding to another controversy involving an audio clip in which he was allegedly threatened, Yatnal said the police are investigating the matter and that those behind it will soon be exposed. “No one can finish me. The Hindus of Karnataka are with me. If someone tries to finish me, the whole state will rise in protest,” he warned.
