Further Rate Cut Pause Likely As RBI Navigates Global Trade Headwinds

ETV Bharat / business

Further Rate Cut Pause Likely As RBI Navigates Global Trade Headwinds

As per recent Care Ratings, the headline inflation remains benign, with GST rationalisation expected to further cap near-term upside risks.

By Saurabh Shukla

New Delhi: On October 1, when the Reserve Bank Governor announces the outcome of the RBI’s monetary policy meeting, it will not be an easy decision. There are numerous challenges before the Governor, and the outcome will reflect extensive deliberations.

The meeting comes against a backdrop of rising global uncertainties, mounting growth headwinds, and fresh risks to India’s exports, from higher US tariffs to costlier H1B visas and proposed curbs on outsourcing, even as domestic policy support seeks to shore up consumption.

As pe