All eyes are now on the Reserve Bank of India. The RBI Monetary Policy Committee is scheduled to meet from September 29 – October 1. The RBI paused cutting rates in its previous meeting in August after three consecutive cuts, totalling 100 bps.

The October meeting has become crucial as Trump’s additional tariff of 25% (taking the total to 50 per cent) came into effect on August 27, just days after the August meeting. GST new rates also kicked in on September 22 in a move to boost consumption and increase domestic manufacturing.

The big question is what’s expectation in ters of economic revival and does the RBI see the need for another cut in rates at this juncture?

US tariffs outweigh GST-led consumption boost: Nomura

Nomura believes the RBI has enough space to ease policy now as i

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