RBI just opened the door to first rate cut in 4 years: All you need to know
Bloomberg
Oct 9, 2024 1:40 PM IST
RBI retains benchmark rate at 6.5% while projecting inflation to ease, with potential rate cut anticipated in December, contingent on food prices.
Bonds and stocks rise as RBI adjusts policy stance; Governor Das emphasizes caution despite confidence in aligning inflation with targets.
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