India FY25 economy

RBI Holds Off on Rate Cuts Despite Inflation Cooling: Report

India Ratings and Research (Ind-Ra) predicts a decline in inflation for FY25 but warns that immediate rate cuts from the Reserve Bank of India (RBI) are unlikely due to persistent high food prices. According to Ind-Ra’s Chief Economist Devendra Kumar Pant, inflation must stabilize close to the RBI’s 4% target...