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.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Assam Police at Pawan Khera's residence in national capital, Delhi Police assisting
New Delhi (PTI): An Assam Police team on Tuesday is at the Delhi residence of Congress leader Pawan Khera for questioning in connection with a case linked to allegations made against Assam Chief Minister Himanta Biswa Sarma and his family, official sources said.
The team formally informed Delhi Police upon arrival, following which a local police team joined and is assisting in the proceedings, the source said.
The development comes amid a political tussle after Sarma alleged that the Congress used "false information" sourced from a Pakistani social media group to level charges against his wife regarding multiple passports and overseas assets. He termed the allegations an attempt to influence the Assam elections and a punishable offence.
Khera had recently sought clarifications on Sarma's wife's alleged foreign assets, prompting a complaint and subsequent police action.
