Scope for further rate easing limited
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However, there could be surprises this year, depending on the actual inflationary trend
The July monetary policy was set against the backdrop of the Monetary Policy Committee (MPC) revising its inflation trajectory significantly lower in the previous meeting, thereby building expectations of a rate cut. The MPC broadly stuck to the script and administered a 25 bps cut in the repo rate while retaining the neutral stance even amidst the clamour for a deeper rate cut.Along with the fact...
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