RBI unlikely to cut rates in October policy: Economists

Inflation numbers, while still below RBI target of 4% are rising and this is an interesting point in RBI's inflation-targeting framework, say economists

Economists don’t expect the six-member monetary policy committee of the Reserve Bank of India (RBI) to tinker with rates in the October 3-4 policy review, according to a Business Standard poll.

Nine of the 10 economists polled said the central bank would not cut its policy rate before seeing what the results of the proposed fiscal push by the government would be, at a time when the inflation rate is showing signs of going up.

Rupa Rege Nitsure, group chief economist of L&T Finance, said there could be a 25-basis-point cut in the repo rate, while the growth numbers could