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Get latest articles and stories on Business at LatestLY. Morgan Stanley expects the Reserve Bank of India to start cutting rates from June 2024, with both retail and wholesale inflation figures remaining at a manageable level. Business News | Morgan Stanley Expects Shallow Repo Rate Cut from June Policy Meeting.
Talking about the banking crisis in the US, Sitharaman said there is no “contagion risk” for India but cautioned about a potential risk to exports if the big markets are hit by a recession.
Repo Rate Likely To Be On Hold Cuts Expected In Early 2024 Morgan Stanley
This means, the repo rate, which is the primary benchmark interest rate, will remain at 6.5 per cent. The RBI's next monetary policy committee meeting is scheduled to be held from June 6-8, 2023.
The Reserve Bank of India (RBI) is likely to keep the repo rate on hold for now as inflation figures seem to be under control and any reduction in the key interest rate is expected only in the early part of 2024, Morgan Stanley said in a report.