RBI Monetary Policy Meeting Live Updates: Will RBI cut repo rate after US Federal Reserve interest rate cut?

Quick Summary:

Although the RBI has emphasized that its decisions are primarily influenced by domestic inflation factors, the rate cuts in advanced economies have resulted in a broader interest rate differential between India and these nations.

The global interest rate environment has recently become more conducive for the Reserve Bank of India (RBI), following a 50 basis point rate reduction by the US Federal Reserve last month.

The interest rate easing cycle has started world over, with the US Federal Reserve cutting rates to support growth in its last policy meeting.

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Category: EconomyBusiness

Markets: India

Topics: Inflation Interest Bank Rate Rates Meeting Liquidity Monetary Reserve Policy Repo

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Article Type: News Report

Published On: 2024-10-09 @ 09:29:42 (6 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 1047 words

Reading Time: 6 minutes read

Sentences: 43 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © Times of India

News ID: 22962614

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