Despite global trends indicating delayed rate cuts by major central banks, the Reserve Bank of India (RBI) is expected to follow suit, likely opting for a cautious approach. With India’s robust near-8% growth rate and inflation above target, there’s limited incentive for immediate rate adjustments unless economic concerns arise. A Reuters poll suggests economists anticipate the RBI maintaining the repo rate at 6.50% in June, with the first rate cut forecasted for Q4 2024. Inflation is expected to persist above 4%, influencing the RBI’s cautious stance. Economic growth projections remain positive, indicating no urgency for further rate cuts beyond 6.00% by next year.
RBI Likely to Cut Interest Rates Once in Q4 2024
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