RBI is expected to announce a 50 basis point cut in rates tomorrow and no one expects them to go beyond the 50 basis points in repo rate for supporting liquidity enhancement in the markets. However, I expect that in the next one year there will be regular rate cuts in repo and reverse repo rates and to ensure that we are in abetter condition next time to effectively compete in size in the global markets and take our share of the responsibility, we will also have SLR cuts of upto 400-500 basis points in this coming year. I hope we do that starting tomorrow itself – never a better time.

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