💨 Abstract
The Reserve Bank of India is expected to cut interest rates by 50 bps over the next six months, likely starting in December. Economists attribute this to low inflation and a strong domestic economy, despite a stable currency. Most economists predict the repo rate to remain at 6.50% in October, with a quarter-point cut expected in the following quarter. The RBI may cut another 25 basis points in February, lowering the repo rate to 6.
Courtesy: theprint.in
Summarized by Einstein Beta 🤖
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