The last of RBI’s rate cuts for now?
RBI is expected to follow a neutral monetary stance after the policy rate drops to 7%. The fight against inflation from now on may not be easy
The swap markets are pricing in a quarter percentage point rate cut on 29 September when the Reserve Bank of India (RBI) reviews its monetary policy. Most analysts also expect the Indian central bank to opt for yet another round of rate cut, the fourth in 2015, to bring down the policy rate by a full percentage point—from 8% in January to 7%.
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