RBI likely to cut repo rate again in December review
pre-market1 source ↓written by the desknot a recommendation
Economists predict a repo rate cut by the Reserve Bank of India (RBI) in its December monetary policy committee (MPC) meeting. This follows a drop in CPI inflation to 0.3% in October from 1.4% in September, the lowest since 2011-12. The decline is attributed to falling food prices and stable global crude rates. 📉
This anticipated rate cut could stimulate economic activity and impact sectors sensitive to borrowing costs, including Banking and Consumer Goods.
Not investment advice. For informational purposes only.