US EditionMorgan Stanley expects one more rate cut in October amid cooling inflation in India
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Morgan Stanley expects one more rate cut in October amid cooling inflation in India
New Delhi, July 18 (SocialNews.XYZ) Global brokerage firm Morgan Stanley has said that the Reserve Bank of India (RBI) is likely to go for one more rate cut of 25 basis points (bps) in its October policy meeting, even as inflation continues to fall rapidly. While the firm expects the central bank to keep rates unchanged in its upcoming August meeting, it also noted that the chances of a rate cut in August have increased due to sharper-than-expec…
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