March CPI inflation makes Aug rate cut case stronger: BofAML
March CPI inflation makes Aug rate cut case stronger: BofAML CPI inflation is well within the RBI’s 2-6 per cent mandate and the March number makes the case for a 25 bps rate cut in August even stronger, says a Bank of America Merrill Lynch (BofAML) report. “We continue to expect the RBI MPC to cut policy…