Upasna Bhardwaj, Chief Economist, Kotak Mahindra Bank said, “The MPC’s decision to ease repo rate by 25bp and shift its stance to accommodative is in line with expectations. We note the increasing global turmoil and its spillovers to the Indian growth slowdown will necessitate the MPC for deeper rate cuts. We see scope for additional 75-100bp of rate cuts in the year ahead depending on the scale of global slowdown.”
