Crisil expects RBI to initiate repo rate cuts from mid-2024
The Reserve Bank of India (RBI) kept the repo rate steady at 6.50% for the seventh consecutive time. Crisil forecasts rate cuts starting from mid-2024, contingent upon weather and crude prices. RBI is monitoring inflation, expected to ease to 4.5% in 2024-25, supported by a normal monsoon and asset-focused budget.
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