Repo Rates Cut Down: If the question is revolving in your mind that when will RBI cut the interest rates, then let us tell you that at present the expectation of reduction in interest rates before February 2024 seems very less.
RBI Repo Rates Cute: RBI (Reserve Bank of India) has not made any change in the rates of Repo Rates recently. Now everyone is waiting for when the Reserve Bank will cut the repo rates. If the question is roaming in your mind that when will RBI cut the interest rates, then let us tell you that at present, the expectation of reduction in interest rates before February 2024 seems very less.
What is the expectation of the expert?
Experts expect that the process of keeping the repo rate stable at 6.5 percent will continue till the monetary review in December. He has expected the first reduction in the repo rate to happen in the review meeting of February 2024. HDFC Securities Head of Research Deepak Jasani has also given information about this.
There can be no change according to liquidity
Giving information to the media, Deepak Jasani said that at this time the change in repo rates cannot be done even according to the liquidity. It is for this reason that RBI has adopted the stance of stability in rates. At this time, inflation is going down in all the countries. At the moment it is still visible above the target. The RBI governor has said that inflation is expected to be maintained at 4 per cent.
Inflation at 4 percent
HDFC Bank Chief Economist Abheek Baruah has said that while the RBI governor is bullish on growth and understands the easing of pressure on inflation, he is also more cautious about the future of inflation. He is committed to keeping inflation close to 4 per cent.
Know what is the opinion of the expert?
Dharmakirti Joshi, chief economist at Crisil Ratings, also said that the RBI will maintain status quo on rates in the current fiscal and will start cutting only in the March quarter of 2024. UBS India economist Tanvi Gupta Jain expects the RBI to cut rates for the first time in its February 2024 meeting. Earlier she was expecting this to happen in December 2023 review.
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