RBI Policy Suspense: Rate Cut Hopes vs Cautious Hold Amid Growth & Inflation Fears | India Today

Описание: The Reserve Bank of India's Monetary Policy Committee is set to announce its decision on interest rates, with Governor Sanjay Malhotra's announcement being closely watched by the markets. While there are hopes for a festive rate cut, an expert perspective suggests the RBI will likely adopt a more prudent stance. The Chief Economist at Yes Bank stated, "I would expect RBI to be more on a watch and wait mode at this point in time." This cautious approach is attributed to significant uncertainties, including tariffs and the potential inflationary effects of recent GST cuts on consumption. The discussion also covers the RBI's new draft norms aimed at providing more flexibility for borrowers and easier lending. This comes as India focuses on domestic savings for growth, with private investment yet to see a significant pickup and a reliance on personal loans. The ADB's decision to cut India's FY27 growth forecast is also a contributing factor.

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