Chennai, Nov. 28 -- Expectations of Indian business run high about a reduction in repo rate at the upcoming meeting of the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) early next month. Simply put, repo rate is the rate at which the RBI lends to the banks.
"We expect the RBI to announce a 25-basis-point rate cut, supported by benign headline inflation. Food prices are likely to remain in deflation, keeping overall inflation comfortably below target through the end of the fiscal year, aided further by the pass-through of GST rate cuts. Although India is projected to grow at 7% in FY26, this remains below the economy's estimated potential," said Sujan Hajra, Chief Economist & Executive Director, Anand Rathi Group.
Hajra sai...