There is a strong possibility that the RBI will follow the Fed s lead on rate cuts. The majority view is that the RBI will not cut rates ahead of the Fed because that could put pressure on rupee
The US Fed delivered a more 'hawkish hold' than what markets had expected. It reinforced view that central banks in developed economies are increasingly guiding to holding rates higher for longer.
The OECD’s latest economic outlook report forecasts lower growth for the world next year. Growth in India is expected to slow from 6.3 percent in 2023-24 to 6 percent in 2024-25