RBI policy meet starts tomorrow: The Reserve Bank of India (RBI) might only consider cutting rates in the third quarter of the fiscal year 2025 (Q3FY25), as per a report from SBI Research.
Kotak Institutional Equities expects the first repo rate cut to only be in the third quarter of the financial year 2025 (Q3FY25). However, prior to rate cuts, the brokerage expects the Reserve Bank of India (RBI) to change its stance to neutral.
A heady year of capital inflows for India may only result in mild gains for the rupee as the nations central bank will likely continue to grip the currency tightly.