RBI to keep repo rate at 6.50% in October, cut by 25bps in December: Poll

Quick Summary:

Inflation held below the RBI's medium-term target of 4.

Governor Shaktikanta Das reiterated recently that it was important to "not get carried away by some dips in inflation," leading several to conclude it would take a few more readings of benign inflation to give the RBI enough confidence to cut rates.

Median forecasts for the repo rate have not changed in Reuters polls taken since April.

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Category: BusinessFinance

Markets: India

Topics: Repo rate cut Indian banking Repo rate Reserve Bank of India RBI

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Published On: 2024-09-27 @ 08:49:12 (4 hours ago)

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News Source URL: business-standard.com

Language: English

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