0727 GMT - The Reserve Bank of India has kicked off its easing cycle with a liquidity boost, Goldman Sachs economists say, noting the central bank's announcement of new measures on Monday. The measures will increase India's banking system liquidity by INR1.5 trillion by Feb. 20, the economists say in a research report. That marks a decisive turn in the RBI's monetary easing cycle, they say. GS expects a 25bps repo rate cut by the RBI in February and another 25 cut in April, with risks tilted toward more easing if the government sticks to fiscal consolidation in the union budget on Feb. 1. GS also expects the RBI to keep liquidity in surplus and allow the overnight inter-bank rate to fall 25 bps below the repo rate, to the bottom of the liquidity adjustment corridor. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
January 29, 2025 02:27 ET (07:27 GMT)
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