Right time for a 25 bps rate cut, says Ficci chief Goenka

Citing benign inflation and stable crude oil prices, The Federation of Indian Chamber of Commerce and Industry (Ficci)'s new president Anant Goenka on Tuesday said the time is “right” for another 25 basis-point rate cut by the Reserve Bank of India (RBI) to further boost growth.

- Gireesh Chandra Prasad

India's retail inflation rate, based on the consumer price index, has eased from 10.87% in October 2024 to 0.25% in October 2025. The rate is now below the central bank's target band of 2-6%. And crude oil prices, which have a trickle effect on overall inflation, have eased in recent months. The price of India’s crude basket so far this fiscal year has averaged a little over $67 a barrel, benign compared with $78.56 of fiscal year 2025 (FY25) and $82.58 of FY24.