The Reserve Bank of India (RBI) is poised to initiate a significant easing cycle, with expectations of a 25 basis points rate cut in its upcoming February monetary policy meeting, followed by a total reduction of 75 basis points by April 2025, as indicated by SBI Research. This move aims to stimu...
The Reserve Bank of India (RBI) is poised to initiate a significant easing cycle, with expectations of a 25 basis points rate cut in its upcoming February monetary policy meeting, followed by a total reduction of 75 basis points by April 2025, as indicated by SBI Research. This move aims to stimulate India's sluggish economic growth and enhance consumption demand, especially after recent income tax relief measures. Economists believe this strategic adjustment will provide much-needed support to the economy amid ongoing liquidity challenges.
Source: Moneycontrol.