RBI unlikely to go for immediate rate cut, despite inflation likely to cool: Ind-Ra
- Posted on October 30, 2024
- By Business News Today
- 2 Views
RBI unlikely to go for immediate rate cut, despite inflation likely to cool: Ind-Ra
India Ratings and Research forecasts a decline in inflation for FY25 but does not expect immediate rate cuts from the Reserve Bank of India. Persistent high food prices and weak industrial activity challenge the economy, though positive rural demand and improved wages may bolster consumption and growth.
