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via rediff.comEconomy

RBI MPC: Rate cuts off the table as inflation concerns mount

FROM THE WIRE · REDIFF.COM

The Reserve Bank of India's Monetary Policy Committee (MPC) has indicated that rate cuts are improbable in the near term, with headline inflation projected to reach 6 per cent in the third quarter. Minutes from the October meeting reveal growing concerns among members about…

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishThe shift toward calibrated tightening reduces expectations of rate cuts in India.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The RBI MPC indicates rate cuts are improbable in the near term.
  2. 02Headline inflation is projected to reach 6% in the third quarter.
  3. 03Minutes show concern about inflation spreading beyond food and fuel.

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