Our base has the RBI MPC following Governor Das into another ‘out-of-box’ 35bps cut (followed by 15bps in December, and if global growth weakens, 40bps by September.) Why 50bps now?
By Indranil Sen Gupta & Aastha Gudwani
We believe there is a rising case for a 50bps RBI rate cut on October 4, with August inflation coming in at a lower-than-expected 3.2% on September 13. Core inflation (except gold) is a reasonable 4%. We track September inflation at 3 ...
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