US Fed rate cut clear signal for RBI to follow suit in next MPC: Experts
NEW DELHI: The US Federal Reserve’s decision to cut interest rates by 25 basis points has sent a clear signal for the Reserve Bank of India (RBI) to follow suit in its upcoming Monetary Policy Committee (MPC) meeting in early December, according to market experts on Thursday.
They believe the Fed’s move, which brings the benchmark rate down to a range of 3.75–4.00 per cent, strengthens the case for a similar action by the RBI to support growth and ensure effective transmission of earlier rate cuts.
The rate reduction, the second this year, comes as the US government shutdown has clouded the economic outlook by disrupting key data releases.
What's Your Reaction?
Like
0
Dislike
0
Love
0
Funny
0
Angry
0
Sad
0
Wow
0
PNE
Punjab News Express is dedicated to bringing reliable and engaging news to readers. He focuses on covering trending stories, regional updates, and important social issues while presenting information in a simple and clear way for the Punjabi audience.
