Foreign banks bet on RBI holding policy rates amid sluggish Q2 GDP growth
Foreign banks anticipate that the Reserve Bank of India (RBI) will maintain the policy rate at 6.5 per cent during the December 4-6 MPC meeting, despite the second-quarter GDP growth slowing to 5.4 per cent. The weaker growth data poses a challenge for the central bank, intensifying calls for a potential shift toward monetary easing. […]