Expected decline in food prices in January could increase odds of rate cut in Feb: ICICI Bank
- Posted on December 24, 2024
- By Business News Today
- 3 Views
Expected decline in food prices in January could increase odds of rate cut in Feb: ICICI Bank
The Reserve Bank of India's Monetary Policy Committee may consider a rate cut in February if food inflation declines in January. Lower food prices could support economic growth, with some members advocating for easing rates. Meanwhile, the Indian rupee faces depreciation pressure due to a strong US dollar.
