Reuters poll suggests RBI to keep 6.50% interest rate till Oct, followed by 25bp cuts in Dec & Feb.

A Reuters poll indicates that most economists expect the Reserve Bank of India (RBI) to maintain its interest rate at 6.50% until October, followed by a 25 basis point cut in December and another in February. This decision comes as inflation has remained below the RBI's 4% target, though a slight increase is anticipated. The RBI's cautious stance reflects the robust performance of the Indian economy and currency stability.

September 27, 2024
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