Notwithstanding gross domestic product (GDP) growth plunging to 5.4 per cent in the July-September quarter, the Reserve Bank of India's (RBI's) six-member monetary policy committee (MPC) is unlikely to lower interest rates in its review meeting scheduled this week, according to a Business Standard poll of 10 respondents.
Only one respondent, IDFC First Bank, has anticipated a 25-basis-point (bps) cut in the policy repo rate.
After raising the repo rate by 250 bps to 6.5 per cent between May 2022 and February 2023, the MPC has kept it unchanged in its last 10 reviews.
Most respondents, however, said both growth and inflation projections for the current financial year were likely to be revised.
The RBI may lower its growth projection from 7.2 per cent and raise its inflation forecast from 4.5 per cent.
Though interest rates are expected to remain unchanged, liquidity management is likely to be an important focus of the December review, which will be announced on Friday.
Denne historien er fra December 02, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra December 02, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Uber rolls out Asia's first water transport service with shikara bookings at Dal Lake
Tourists visiting the iconic Dal Lake will now enjoy a hassle-free travel experience with the launch of Uber's first water transport service in Asia, aptly named 'Uber Shikara'.
Warmer than normal winters likely this season, says IMD
Nov 2024 among the warmest since 1901
Ram Janmabhoomi stir picked up pace after Shah Bano case: Jung
The Ram Janmabhoomi movement gained momentum after the Rajiv Gandhi government's knee-jerk reaction to the Shah Bano case in 1985, leading to cascading communalism in the country, former Delhi lieutenant governor Najeeb Jung said on Monday.
Delhi airport sets up special enclosures for delayed flights
The Delhi airport is establishing special enclosures at its terminals to accommodate passengers stuck in aircraft for more than three hours.
Swiggy expands its 10-min Bolt delivery service to over 400 cities
'BOLT' FROM BLUE
Ola Electric powers ahead with 4,000 store target
Marks 4x increase with 3,200 new outlets joining 800 existing stores
MAY THE BEST AIP WIN
Navy's choice between German and Spanish submarines could boil down to who has the best Air Independent Propulsion
Macro-driven funds that can fall prey to timing risk
DSP Mutual Fund has launched the DSP Business Cycle Fund.
Dixon Tech to gain from high volumes, new biz
May emerge as major smartphone manufacturer; brokerages positive
Price hikes key trigger for cement majors
Cement had a slow quarter with volumes up 3 per cent year-on-year (Y-o-Y) on average in the second quarter of the current financial year (Q2FY25).
