<p>The Reserve Bank of India is likely to cut the benchmark lending rate by at least 25 basis points in its third bi-monthly monetary policy review on Wednesday. <br /><br />The expectation comes in the wake of retail inflation receding to record low levels, say experts and bankers.<br /><br />Bankers expect RBI, which has kept rates on hold at 6.25% for the fourth straight time citing risk to inflation, to change its monetary stance and may even go for an aggressive rate cut.<br /><br />“The expectation is of rate cut of a minimum 25 basis points as inflation has eased and also as industrial growth continues to remain weak,” Bank of Maharashtra managing director R P Marathe said.</p>
<p>The Reserve Bank of India is likely to cut the benchmark lending rate by at least 25 basis points in its third bi-monthly monetary policy review on Wednesday. <br /><br />The expectation comes in the wake of retail inflation receding to record low levels, say experts and bankers.<br /><br />Bankers expect RBI, which has kept rates on hold at 6.25% for the fourth straight time citing risk to inflation, to change its monetary stance and may even go for an aggressive rate cut.<br /><br />“The expectation is of rate cut of a minimum 25 basis points as inflation has eased and also as industrial growth continues to remain weak,” Bank of Maharashtra managing director R P Marathe said.</p>