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First RBI rate cut likely in Feb with easing domestic inflation: Crisil report
The Statesman
|December 08, 2024
The conditions are projected to turn favorable for rate cuts by the Reserve Bank of India (RBI) in India with the first one in February, and easing domestic inflation will be the main driver of rate cuts, according to a new report.
Inflation is expected to ease towards the end of this fiscal, given healthy agricultural output. When the rabi, or winter, crop reaches the market, vegetable prices tend to correct sharply. "Easing food inflation, coupled with benign non-food inflation, is expected to bring down headline CPI inflation," according to the commentary by CRISIL Market Intelligence and Analytics, a S&P Global company.
Cette histoire est tirée de l'édition December 08, 2024 de The Statesman.
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