RBI expected to hold rates, markets seek hints on possible future cuts

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RBI expected to hold rates, markets seek hints on possible future cuts - Business Standard

Quick Summary:

Governor Shaktikanta Das has repeatedly said the RBI wouldn't shift policy gears until inflation was firmly on the path to reaching the target of 4 per cent.

Traders are not expecting any significant changes to the central bank's approach to liquidity management, although the banking system is flush with cash.

Despite some slowdown expected from the 8.2 per cent expansion in fiscal 2024, India will remain among the fastest growing economies globally if the 7.2 per cent expected growth is achieved.