He expects rate cuts to begin only from February or even April, depending on economic trends. Early signs indicate a rebound in GDP compared to the July-September quarter, he said.
The next RBI policy date is December 6.
Below is the verbatim transcript of the interview.
Q: What are you expecting tomorrow from the Reserve Bank of India (RBI)?
A: We do not expect a rate cut from RBI. There will be no repo cut. It’s too early to use the gross domestic product (GDP) number to start on the rate cut. Yes, there are concerns which are coming up on the GDP growth numbers. So, there will possibly be a discussion, but we still feel it is a little time away; the earliest is February, maybe even April, depending on how things pan out in the coming months. The early indications are that the GDP seems to have been rebounding a little more than what happened in the July-September quarter (Q2FY25).
More to come….
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