Dec 23rd, 2024
Jethmalani: Expect India's First Rate Cut in February
India's Reserve Bank kept the benchmark rate unchanged at 6.5% earlier in December even as growth remains weak in India and volatile food prices has kept inflation high. Speaking to Bloomberg's Horizons Middle East and Africa anchor Joumanna Bercetche, Achala Jethmalani, Economist at RBL Bank explained that the rate cuts can be expected next year.
