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RBI to hold rates at 6.50% through mid-2024, cut seen in Q3

The Reserve Bank of India will keep its key interest rate unchanged at 6.50% for a fifth consecutive meeting on Dec. 8 as inflation worries ebb, according to a Reuters poll of economists who.
-December 30, 2023 at 09:08 pm EST
- MarketScreener ....

Susobhan Sarkar , Milounee Purohit , Veronica Khongwir , Susan Fenton , Sujith Pai , Hari Kishan , Suman Chowdhury , Ross Finley , Reserve Bank , Dhiraj Nim , Acuite Ratings ,

RBI to hold rates at 6.50% through mid-2024, cut seen in Q3: Poll

Despite inflation falling to a four-month low of 4.87% in October, it is expected to remain above the RBI s 4% medium-term target for at least another two years. That is likely to keep the RBI from changing its hawkish bias anytime soon. ....

Suman Chowdhury , Reserve Bank , Dhiraj Nim , Acuite Ratings , Reserve Bank Of India ,

Fall in forward premiums adds to Indian rupee's challenges

Fall in forward premiums adds to Indian rupee's challenges
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Nimesh Vora , Kunal Kurani , Savio Dsouza , Reserve Bank , Middle East , Dhiraj Nim , Saviod Souza ,

India's Festival Season To Bring Some Cheer To Economy, Say Economists

(CTN News) - Economists polled by Reuters predict that consumer spending in India during the upcoming festival season would be slightly higher than in 2022, ....

Alexandra Hermann , Reserve Bank , Dhiraj Nim ,

India's festival season to bring some cheer to economy, say economists - Reuters Poll

Economists predict that Indian consumer spending during this year s festival season will be slightly better than last year, but it is unlikely to significantly boost the country s already fast-growing economy. Despite expectations of 6.3% growth this fiscal year and next, the survey data suggests that a Reserve Bank of India interest rate cut is still far off. While consumer spending in the current quarter is expected to provide some lift, the overall growth outlook for the year remains unchanged. ....

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