The report states that the United States Federal Reserve's recent move which indicates an ease in the rates will influence the apex bank's decision
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"The bond markets may witness comparatively better inflows due to rate differentials trajectory continuing (and GoI sticking to lower fiscal deficit targets)," the report says
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Many experts see 50 basis points cut as a positive surprise but add that it came at the right time
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As per the Global Credit Rating Agency, economies around the world will be keenly eying the economic data post-Jackson Hole Symposium
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MPC chaired by Governor Das, has been convening in Mumbai this week to deliberate on key policy decisions
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The Governing Council of the central bank in its monetary policy statement noted it was now "appropriate to moderate the degree" of monetary policy restriction
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SBI Research anticipates that when the rate cut cycle does commence, it will likely be shallow
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