RBI expected to cut rates on December 5

A majority of economists polled by TOI expect the RBI to cut its repo rate — at which the regulator lends to banks — by 25 basis points (100bps = 1 percentage point) to 4.9%. A cut in the repo rate would, however, be immediately transmitted to retail borrowers as the RBI has forced banks to link loans to an external benchmark instead of a self-determined reference rate.