Further rate cut by RBI unlikely this fiscal: India Ratings

“Although Ind-Ra believes RBI’s policy stance will continue to be accommodative in the near term, there is no scope for further rate cuts in 2015-16, India Ratings said.

There is no scope for further reduction in policy rates by RBI in the current fiscal , rating agency India Ratings & Research reportedly said.

“Although Ind-Ra believes RBI’s policy stance will continue to be accommodative in the near term, there is no scope for further rate cuts in 2015-16, India Ratings said.

India Ratings also reportedly said that if conditions permit, there may be rate cuts in 2016-17.

Since January 2015, RBI has cut key policy rates by a cumulative 125 basis points.