In light of the recent 50 basis points (bps) rate cut by the US Federal Reserve, the Reserve Bank of India (RBI) may consider a similar move but not this year,

The Federal Reserve’s 50 basis points (bps) rate cut has raised expectations of ripple effects on India’s economy and financial markets, however, analysts say the Reserve Bank of India (RBI) is likely to maintain a domestic-focused approach,

Banking stocks pain is set to continue in the near-term due to trailing margins, sluggish deposit growth, and widening CDR ratio

The RBI is likely to maintain its wait-and-watch stance and focus on being ‘actively disinflationary’, with a first rate cut likely by December.

RBI unlikely to follow US Fed in rate cuts, focusing on domestic growth-inflation conditions for monetary policy decisions.