Devendra Kumar Pant, chief economist and head, public finance, for India Ratings and Research, told reporters that the Reserve Bank of India's (RBI) interest rate cut would depend on whether food inflation is under control.
"The rate cut would be 100-125 basis points," said Pant, "But it would be data dependent."
A basis point is one-hundredth of a percentage point.
Esta historia es de la edición December 19, 2024 de Mint Hyderabad.
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Esta historia es de la edición December 19, 2024 de Mint Hyderabad.
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