RBI expected to hold policy rates amid trade deal optimism
after close1 source ↓written by the desknot a recommendation
- during its upcoming
- 5.25%
- on India
- 50% to 18%
- expansion
- 7%
The Reserve Bank of India is likely to maintain the benchmark repurchase rate at 5.25% during its upcoming meeting. A majority of economists surveyed predict no rate cuts, influenced by a recent trade deal that lowered tariffs on India from 50% to 18%. This deal is expected to bolster economic growth, with projections of over 7% expansion for the upcoming year.
• Majority of 39 economists foresee unchanged rates
• Trade deal enhances growth certainty
• Only five economists anticipate a rate cut
Immediate market implications suggest stability in the banking sector as growth forecasts improve.
Not investment advice. For informational purposes only.