rbi repo rate, relief from expensive debt, rbi may reduce repo rate, oxford economics indicated – rbi may reduce policy rate in fourth quarter of 2024: oxford economics
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It said the Monetary Policy Committee (MPC) would first look at whether inflation is stabilizing in the middle of its target. After that she will change her attitude. We believe this will happen before the end of the year. Oxford Economics said that economic indicators like PMI (Purchasing Manager Index) data, GST collections show that activity in India is still strong.
It is noteworthy that the Reserve Bank of India has got the target of keeping the retail inflation in the range of four percent (two percent up or down). In April, the Reserve Bank surprised everyone by keeping the repo rate at 6.5 percent.
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