The Reserve Bank of India is expected to delay cutting interest rates until the final quarter of the year, according to a Bloomberg survey. The RBI may reduce its benchmark repurchase rate by 50 basis points in the October-December period before pausing, due to rising inflation risks and the US Federal Reserve keeping rates steady. Governor Shaktikanta Das has maintained a hold on rates, waiting for inflation to stabilize around the central bank s 4% target. Economists predict that India s growth and inflation dynamics are healthy, but global and geopolitical developments, particularly decisions by the US Fed, could influence the RBI s rate decisions.
The RBI may start cutting its benchmark repurchase rate, currently at 6.5%, by a total of 50 basis points in the October-December period before pausing for a few months, the monthly survey shows. In the previous survey, economists had predicted a reduction in July-September quarter.
Guinness Flavour By Fire boasts a bigger line-up of renowned chefs to fire up the flavours of Guinness-infused flame-cooked foods at Sentul Depot and Fort Cornwallis this year.
A 32-year-old Indian-origin man was charged on Friday for making an online post calling for Singapore President Halimah Yacob’s death by hanging near the Parliament House, a media report said.