RBI may go for another 25 bps rate cut in August, repo rate to come down at 5.25%: ICICI Bank

Reserve Bank of India's Monetary Policy Committee might reduce the policy rate by 25 basis points in August. This could bring the rate down to 5.25 percent. ICICI Bank noted mixed growth outlook in India. Rural demand is strong, but urban demand is weak. Global economic uncertainty and volatile oil prices are concerns. The U.S.