New Delhi, June 6 (KNN) All eyes would be set on the Reserve Bank of India’s Governor tomorrow as he is going to review the bi-monthly monetary policy. The RBI is expected to cut the repo rate by 25 bps if we go by what the experts say.

Talking to KNN, the eminent financial expert Akash Jindal said that  RBI can cut the repo rate by 25 basis point which is very much needed for the Micro, Small and Medium Enterprises.

He said that if Small and Medium Enterprises (SMEs) would get the money in lesser rates, gradually their profit will increase which is good from the economic point of view.

“This would help them in the generation of employment for the people in country”, said the expert.

RBI has slashed rates by 150 basis points (bps) since the begining of 2015, bringing the policy rate to a five-year low of 6.5 per cent. The central bank had cut the policy rates by 25bps in the first bi-monthly policy review for fiscal 2017 on April 5, and narrowed the policy rate corridor to 50 bps from 100bps, by reducing the marginal standing facility rate by 75bps and increasing the reverse repo rate by 25bps. (KNN Bureau)