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RBI needs to go for larger rate cut in next monetary policy review: SBI

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After Cognizant, IBM India fires 300 employees from services division

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RBI needs to go for larger rate cut in next monetary policy review: SBI report

The RBI needs to go in for a larger rate cut, more than 25 basis points, in the next monetary policy review in June to reverse the current slowdown in the economy, said a research report by country's largest bank SBI. The Reserve Bank of India (RBI) had cut the key short term lending rate (repo) by 25 points each in its last two policy reviews and is slated to announce the next bi-monthly policy on June 6.