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The Reserve Bank of India made the expected decision to keep Interest rates steady on Wednesday, but made a significant shift to a neutral stance, suggesting the possibility of a rate cut in the near future. The RBI maintained its benchmark rate at 6.5% for the tenth consecutive meeting, with the majority of the rate-setting committee voting in favor of the hold. RBI Governor Shaktikanta Das indicated that while Inflation is expected to remain elevated in the coming months, the Central bank will closely monitor the situation. The change to a neutral stance signifies a departure from the previous hawkish tone, hinting at a potential easing of monetary policy. Economists anticipate a rate cut of 25 basis points during the December meeting. Despite concerns about Inflation due to rising food prices, India’s growth outlook remains positive, with GDP growth consistently around 7% in recent years. However, global economic conditions may impact growth prospects moving forward.
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Emma Collins, graduated in Financial Economics from the University of Chicago in the USA in 2016. She has since worked at an asset management firm in New York, where she specializes in investment strategies and portfolio management. Emma has a keen interest in financial analysis and has published several articles in renowned financial journals. Her work focuses on providing actionable insights to investors, and she is known for her forward-thinking approach to managing financial portfolios.
