Moderation in inflation creates policy space for RBI to cut rates: NCAER

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Moderation in inflation creates policy space for RBI to cut rates: NCAER - Business Standard

Quick Summary:

Moderation in inflation to five-month low of 4.3 per cent in January has provided RBI more space to cut interest rate in policy meet, according to the monthly economic review by the National Council of Applied Economic Research (NCAER).

Even in the face of global headwinds, some of the high-frequency indicators of the Indian economy have turned more benign and the nascent turnaround is evident in indicators like Purchasing Managers' Index for manufacturing, GST collections and non-EV and EV sales, it said.

Earlier this month, RBI slashed policy repo rate by 25 basis points to 6.25 per cent.