Whether RBI cuts rate in December or February depends on where the Fed is: Indranil Sengupta
Indranil Sengupta of CLSA India believes that the Federal Reserve (Fed) is done hiking rates, and if they hike once more, the RBI will also hike rates. However, high real policy rates have historically led to slowing US growth or even recessions. Sengupta expects the RBI to cut rates in December if the Fed is done, or in February if the Fed hikes. He also dismisses concerns about inflation, attributing it to uneven rains.
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