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INDIA: S&P Suggests October RBI Meeting is in Play for a Cut. 

INDIA
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  • The Reserve Bank of India to cut rates twice over the course of the fiscal year, with a possibility of the first cut in October at the earliest, global ratings agency, S&P Ratings expects said in a note on Monday.
  • "GDP growth moderated in the June quarter as high interest rates temper urban demand, in line with our projection of 6.8% growth for the fiscal 2024-25," it said, adding that the full budget presented in July confirmed that the government remains committed to fiscal consolidation and to keeping the focus of public expenditure on infrastructure. (source: NDTV Profit) 
     
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  • The Reserve Bank of India to cut rates twice over the course of the fiscal year, with a possibility of the first cut in October at the earliest, global ratings agency, S&P Ratings expects said in a note on Monday.
  • "GDP growth moderated in the June quarter as high interest rates temper urban demand, in line with our projection of 6.8% growth for the fiscal 2024-25," it said, adding that the full budget presented in July confirmed that the government remains committed to fiscal consolidation and to keeping the focus of public expenditure on infrastructure. (source: NDTV Profit)