Another rate cut? RBI might soon cut rates by 25 basis points; ICICI flags weak demand, easing inflation
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ICICI Bank reports that the Reserve Bank of India might cut policy rates due to weak urban consumption and uncertain global demand. Easing inflation could prompt a 25 basis point rate cut as early as August. The RBI's neutral stance and data-dependent approach, combined with recent economic signals, create room for monetary easing. What's Your Reaction?
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