The Reserve Bank of India (RBI) acknowledges a boost in GDP growth during the festive season, citing strong demand for consumer appliances and resilient investment. While upbeat consumer sentiment prevails, the RBI remains wary of inflation challenges, especially in food prices, posing a risk to its 4% target. The central bank anticipates an uptick in inflation readings for November and December. Despite concerns, deposit rate increases lag behind lending rates, reflecting improved net interest margins for banks in the tightening cycle. RBI is expected to maintain the status quo in its December Monetary Policy Committee meeting.