What will the Reserve Bank of India do next?The Reserve Bank of India (RBI) cut the benchmark interest rate by 125 basis points through 2025 as retail inflation trended down in 9 of the 12 months in the year. The policy rate did not translate into lower borrowing costs, which is essentially why inflation couldn’t pick up meaningfully despite the policy response, a DSP Mutual Fund report released on July 15 said.Continue Reading with CNBC-TV18 Access MembershipPriority Access and Networking: CNBC-TV18’s flagship events Interaction with CNBC-TV18’s journalists Webinars & LIVE Q&As with India Inc. Leaders Exclusive CNBC-TV18 studio & newsroom tours Premium business insights, expert opinions & analysis Curated lifestyle privileges & offers
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Inflation in India is back at an 18-month high. Will interest rates follow?
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