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Moneycontrol Pro Panorama | Will inflation hold back RBI from cutting interest rates?

Money ControlMoney Control · 14d
Moneycontrol Pro Panorama | Will inflation hold back RBI from cutting interest rates?

Retail inflation in September reached its highest level for the year 2024, causing concern among market participants. Despite positive global cues and a drop in crude oil prices, benchmark stock market indices are trading with slight losses. The Reserve Bank of India's (RBI) recent shift in policy stance to neutral has raised expectations of an interest rate cut in the next meeting, but the latest inflation data may complicate that decision. Excessive monsoon rains have damaged crops and disrupted supply chains, leading to a spike in food and vegetable prices. The RBI will need to balance inflation concerns with signs of demand moderation and slowdown in the domestic economy. Additionally, external risks, such as the US presidential election and global economic slowdown, could influence the central bank's decision-making.

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