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Weak Urban Demand, Global Uncertainty Open Door for Policy Rate Cut: Report

Soft urban consumption and an uncertain external demand environment have created scope for the Reserve Bank of India (RBI) to ease policy rates, a report by ICICI Bank said, as the central bank navigates a data-dependent approach amid a neutral stance.

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awazthevoice.in

Weak urban demand, global uncertainty open door for policy rate cut: Report

3 days ago

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ChiniMandi

Rbi May Cut Interest Rates by 25 Basis Points in August, Repo Rate to Fall to 5.25%: Report - Chinimandi

Mumbai: According to a report by ICICI Bank, the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) is likely to cut interest rates by another 25 basis points (BPS) in the upcoming August policy meeting, taking the interest rate to 5.25 percent. The report said that growth prospects in India remain mixed. Urban demand is weak, while rural demand remains strong. Exports of goods to the US are improving, but exports to other region…

4 days ago

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