RBI likely to keep rates steady as economic growth slows, global rates ease

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RBI likely to keep rates steady as economic growth slows, global rates ease - Business Standard

Quick Summary:

Nomura economists said they see a 55 per cent probability of a rate cut in October while acknowledging it would be a close call.

Not only as the markets will hear from the new external members, but also as the debate in India has veered around a likely slowdown story and limited risks for inflation," economists at Yes Bank said in a note.

Annual retail inflation remained below the central bank's target of 4 per cent for a second consecutive month, clocking in at 3.65 per cent in August, higher than the revised 3.60 per cent in July and economists' forecast of 3.5 per cent.