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It is clear that there are no cuts in key RBI policy rates for now. Even the people on Twitter had the same feeling if a small poll conducted by Anand Mahindra, Chairman and Managing Director of Mahindra Group, is any indication.
Mahindra, who has around 1.5 million followers on Twitter, tweeted at 9.58 am (an hour before the RBI announcement) seeking the views of his followers on the RBI credit policy.
Mahindra tweeted: “Checking the reliability of Twitterstrologers (yes, astrologers) with a small poll on today’s RBI policy? How many predict an interest rate cut?”
A majority of those replied that there will not be any rate cut. One follower, who uses the Twitter handle @carvalho_mike said: “No rate cut. Rajan holds his ground. PM backs decisions based on rational thinking”
Another follower, @AKantharao said: “going by Raghuram thinking, there may be a little tweaking, no real cut for now.”
One more follower, @VinodBoob said: “I would say no rate cut today. But he might give the direction on the way forward for interest rate cut.”
However, one @akshayj was optimistic about a rate cut. He said: “the govt seems to be committed towards industrial reforms and rate cut is a step in that direction. I predict a rate cut”
At 10.35 am, Mahindra summarised his poll, and tweeted: “The twitterstrologers say no rate cut. but some tweaking and some signals for the future.”
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