Almost 70 percent of the people are expecting a 50 bps rate cut by March 2017.
Another 75 percent believe that the RBI will lower its gross value added (GVA) guidance to 7-7.5 percent from 7.6 percent due to demonetisation.
All eyes are on the Reserve Bank’s policy meeting on December 7. Almost a month after announcing its demonetisation move, the central bank will have its bi-monthly policy meet when the market is expecting a cut.
CRR limit is likely to be maintained at the 4 percent level.
As far as inflation is concerned, respondents are expecting it to remain unchanged at 5 percent for March 2017, the poll reveals. No change in liquidity is expected in this meet.