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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Record-holder swimmer drowns while practicing in pool in Mangaluru
Mangaluru: Record-holder swimmer K Chandrashekhar Rai Surikumeru (52), who was known for performing yoga and somersaults underwater, died of drowning in the Mangaluru City Corporation swimming pool on Sunday.
Rai, who was a native of Surikumeru near Kalladka in Bantwal taluk, lived in Kudroli, Mangaluru. He is survived by his wife and a daughter.
He had been employed as a lifeguard at the swimming pool in Udupi under contract-basis and was working as manager of the MCC swimming pool for three years. He also worked as a lifeguard and swimming trainer.
On Sunday morning, Rai is said to have handed the security guard of the pool his mobile phone, saying he would practice for some time, but shortly after diving into the pool, he died of suffocation.
The post-mortem examination of his body was conducted at the District Wenlock Hospital and the funeral rites were held at his native place, Rai’s brother Radhakrishna Rai has said.
Rai, known for his skills in swimming, had entered the Worldwide Book of Records in 2023 by performing 28 front flip somersaults in a single stretch.
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