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Fed there done that: Banks see delay in rate cuts by RBI, too

By Economic Times - 4 weeks ago
The US Federal Reserve's potential delay in cutting rates may impact the Reserve Bank of India's decision on beginning its rate easing cycle. Factors such as strong economic growth, tensions in West Asia, and inflation risks could lead to a delay in rate cuts. Economists anticipate a possible delay in RBI's rate cuts, with expectations shifting to October 2024 for any easing to begin. India's robust economic performance and inflation close to the RBI target suggest a need for caution in monetary policy decisions.

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