RBI expected to cut repo rate to 5.25% next week
pre-market1 source ↓written by the desknot a recommendation
- interest rate
- 25 basis points
- 5.25%
- 5 Dec 2023
- of economists
- 80%
The Reserve Bank of India (RBI) is projected to lower its key interest rate by 25 basis points to 5.25% on 5 Dec 2023. This decision is influenced by a significant drop in food prices and tax cuts, which have eased consumer inflation. Nearly 80% of economists in a recent poll anticipate this cut, aiming to bolster weak consumption despite ongoing rupee pressure. 💼
Not investment advice. For informational purposes only.