RBI MPC meeting next week may signal repo rate cut
after close1 source ↓written by the desknot a recommendation
- meeting
- 3-5 December
- Economists predict
- 25 basis point cut
- repo rate
- 5.25%
- in October
- 0.25%
- against the US
- ₹89.49
The Reserve Bank of India will hold its Monetary Policy Committee meeting from 3-5 December. Economists predict a 25 basis point cut, lowering the repo rate to 5.25%. This follows a drop in consumer inflation to 0.25% in October, providing the RBI with room for easing monetary policy amid a weak rupee, which hit ₹89.49 against the US dollar. 📉
Not investment advice. For informational purposes only.