The Reserve Bank of India is hopeful that a possible moderation in inflation will allow it to cut key policy rates in the fourth quarter of this fiscal. The RBI projects that inflation may rise in the next two months and peak at eight per cent in December, before it begins to moderate in the last quarter. India’s central bank revised its inflation target for the fiscal to 7.5 per cent.
The monetary policy stance is decided not only on the basis of inflation figures but also on the basis of
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