Benign inflation raises hopes for RBI rate cut
after close1 source ↓written by the desknot a recommendation
- from 6.50
- 100 bps reduction
India's retail inflation is expected to dip further in October, potentially remaining below the Reserve Bank of India's (RBI) lower tolerance threshold for a second month. This could spark hopes for a rate cut in December, following a 100 bps reduction from 6.50% to 5.50% this year. However, the MPC may prioritize growth data over inflation metrics in its decision-making.
Not investment advice. For informational purposes only.