RBI unlikely to cut interest rates in upcoming meeting due to India's robust economic growth.

The State Bank of India (SBI) reports that the Reserve Bank of India (RBI) is unlikely to cut interest rates in its upcoming meeting, citing India's robust economic growth. The RBI is expected to focus on domestic conditions rather than U.S. trends, emphasizing the need for a strong investment cycle to support credit and deposit levels in the banking sector. Maintaining economic momentum is a priority, independent of global influences.

October 03, 2024
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