25 bps cut in September MPC best possible option for RBI: SBI

New Delhi [India], September 22 (ANI): The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) may announce a 25 basis points (bps) cut in its September policy meeting as it is the best possible option at this stage, according to a report by State Bank of India (SBI).

The report highlighted that there is both merit and rationale in going for a rate cut in September, as inflation remains under contr