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Scotiabank Previews This Week's Policy Meeting at India's Central Bank

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Last updated: 02/04/2025 12:38:19

12:38 PM EST, 02/04/2025 (MT Newswires) -- The Reserve Bank of India is expected to cut its repo rate by 25bps to 6.25% on Thursday with a minority expecting a hold, said Scotiabank.

Food price drivers of inflation have ebbed sharply, noted the bank. It may wish to evaluate the contents of this weekend's Indian budget.

One question concerns whether the RBI provides a stimulus boost to the economy and whether the government remains on the same broad fiscal path. The finance minister said at her last 2024 budget that they wish to "keep fiscal deficit each year such that the central government debt would be on a declining path as a percentage of GDP," .

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