Another rate cut next year

The RBI Could Announce One More Rate Cut Next Year: DB

Despite the Reserve Bank of India’s surprise 50bps rate cut unveiled earlier this week, at least another 25bps rate cut can be anticipated next year, believes Deutsche Bank. Taimur Baig and Kaushik Das said in their Oct. 1 research note titled: “RBI’s bold move and fiscal update” that a disinvestment target of INR695bn looks ambitious.
The RBI’s recent policy initiatives
Baig and Das expressed surprise at the RBI’s 50bps rate cut announcement earlier this week. They point . . .

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