<p class="title">The Reserve Bank of India (RBI) will unveil on Thursday its first bi-monthly monetary policy decision of this new fiscal.</p>.<p class="bodytext">The RBI's Monetary Policy Committee (MPC) will meet from April 2 to 4 for the first bi-monthly policy statement for 2019-20, the central bank said in a release Monday.</p>.<p class="bodytext">"The resolution of the MPC will be placed on the website at 11.45 AM on April 4, 2019," it said.</p>.<p class="bodytext">Industry and experts are expecting that the banking sector regulator may cut the key lending rate -- at which it lends to commercial banks -- by 0.25 per cent so as to boost the economic activities as fears loom large about global economic slowdown impacting India's growth prospects.</p>.<p class="bodytext">The RBI had cut the repo rate by 25 basis points (bps) or 0.25 per cent in February after a gap of one-and-a-half years.</p>.<p class="bodytext">A back-to-back cut in interest rate would provide relief to borrowers in the election season, experts say.</p>.<p class="bodytext">Ratings firm ICRA said: "We expect a 25 bps rate cut in the upcoming meeting of monetary policy committee..."</p>.<p class="bodytext">"With the subdued growth outlook and moderate inflation. The RBI does not seem to have any major reason not to cut the policy rate again during its next meeting. I think that the relevant question is whether the bank would cut the rate by more than 25 bps," said Sujan Hajra, Chief Economist and Executive Director, Anand Rathi Shares & Stock Brokers.</p>
<p class="title">The Reserve Bank of India (RBI) will unveil on Thursday its first bi-monthly monetary policy decision of this new fiscal.</p>.<p class="bodytext">The RBI's Monetary Policy Committee (MPC) will meet from April 2 to 4 for the first bi-monthly policy statement for 2019-20, the central bank said in a release Monday.</p>.<p class="bodytext">"The resolution of the MPC will be placed on the website at 11.45 AM on April 4, 2019," it said.</p>.<p class="bodytext">Industry and experts are expecting that the banking sector regulator may cut the key lending rate -- at which it lends to commercial banks -- by 0.25 per cent so as to boost the economic activities as fears loom large about global economic slowdown impacting India's growth prospects.</p>.<p class="bodytext">The RBI had cut the repo rate by 25 basis points (bps) or 0.25 per cent in February after a gap of one-and-a-half years.</p>.<p class="bodytext">A back-to-back cut in interest rate would provide relief to borrowers in the election season, experts say.</p>.<p class="bodytext">Ratings firm ICRA said: "We expect a 25 bps rate cut in the upcoming meeting of monetary policy committee..."</p>.<p class="bodytext">"With the subdued growth outlook and moderate inflation. The RBI does not seem to have any major reason not to cut the policy rate again during its next meeting. I think that the relevant question is whether the bank would cut the rate by more than 25 bps," said Sujan Hajra, Chief Economist and Executive Director, Anand Rathi Shares & Stock Brokers.</p>