Finance
Mr. BillionhairRBI Holds Rates Steady, Trade Deal Makes Everything Great
Folks, the RBI is holding the line on rates—no changes, just like my winning streak! Thanks to a huge trade deal with the US, they’re feeling good! Economists are mostly on board, but some are talking cuts. The economy? It's in a 'Goldilocks phase,' believe me! But watch out for those foreign outflows—big trouble brewing! They’re not gonna stop us, folks!
few days ago | Reuters
Quick rundown
1.India's central bank likely to keep rates unchanged.
2.US-India trade deal reduces need for immediate economic support.
3.RBI has cut rates by 125 basis points since last February.
4.India's GDP growth forecasted at 7.4% this year.
5.RBI focuses on improving transmission of rate cuts.
