The MPC will meet from Sept. 29 to Oct. 1. (Source: NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed
The Reserve Bank of India's Monetary Policy Committee may adopt a dovish tilt at its meeting next week and deliver an interest rate cut to support the economy, according to Citi's Chief India Economist Samiran Chakraborty. The MPC will meet from Sept. 29 to Oct. 1.
Analysts took into account the US tariff shock on Indian exports, better-than-expected growth, fiscal stimulus, lower inflation resulting from GST rate cuts, and incomplete bond market channel transmission when assessing the appropriate monetary policy response, especially after the central bank paused its rate-easing cycle in August.
"We conclude that space for a more dovish tilt in the October MPC