The Reserve Bank of India (RBI), after implementing a 25 basis point policy rate cut in December, is expected to keep open the option for further monetary easing if global headwinds severely dampen India’s growth prospects, a CareEdge Ratings report shows. The report notes that the government has already provided fiscal stimulus through rationalization of […]
The RBI may announce a 25 basis point cut in repo rate at the upcoming December monetary policy meeting, driven by a sharp decline in inflation and strong growth momentum, a report by credit rating agency CareEdge said on Tuesday.According to the report, inflation fell to a ten-year low of 0.3 per cent in October, […]