India RBI rate cut back in play after tariffs: policy guide

The Reserve Bank of India’s interest rate decision on Wednesday will likely be a close call, with policymakers facing multiple reasons to lower borrowing costs as inflation stays low and economic growth takes a knock from high US tariffs.While a majority of economists — 24 of 39 surveyed by Bloomberg News — predict the repurchase rate will remain on hold at 5.5%, 15 expect a quarter-point reduction, citing India’s darkening growth prospects. Even many of those forecasting a hold say there’s justification to ...