Rising pressure on rupee clouds RBI's February rate cut prospects

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India’s foreign exchange reserves fell by $50 billion in the current quarter (Q3FY25) as of December 13, latest RBI data showed.

There is still time between now and February,” said Sameer Narang, head of economics research at ICICI Bank.

The central bank also revised the inflation forecast upward to 4.8 per cent, against the earlier estimate of 4.5 per cent.

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Category: BusinessFinance

Markets: India

Topics: Repo rate Inflation forecast RBI rate cut February 2025 Financial stability Madhavi Arora US Federal Reserve dot plot Sameer Narang Monetary policy committee Growth forecast Foreign exchange reserves Rupee depreciation

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News Sentiment: Negative

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Article Type: News Report

Published On: 2024-12-19 @ 21:20:22 (21 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 545 words

Reading Time: 4 minutes read

Sentences: 21 lines

Sentence Length: 26 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 24552952

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