S&P retains India's growth forecast at 6.8%; expects rate cut in October

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S&P retains India's growth forecast at 6.8%; expects rate cut in October - Business Standard

Quick Summary:

S&P maintained India's growth forecast at 6.8% and said that it expected the RBI to cut rates in October.

Speculation about an RBI rate cut has risen following the US Federal Reserve’s decision to announce larger-than-expected reductions in rates—50 basis points—amid concerns of a slowdown in the US economy.500 dead in Lebanon attack: UN warns of 'next Gaza'; What is Israel's plan?

On Monday, the State Bank of India projected that the RBI was unlikely to cut interest rates in 2024 due to concerns over food inflation.