RBI signals room for rate cuts as economy remains resilient

The Reserve Bank of India (RBI) said in its latest assessment that India’s economy has demonstrated resilience in the face of global headwinds, with inflation showing signs of easing. With domestic demand holding up, the central bank noted it has scope to adopt a more accommodative monetary-policy stance in the near term. The remarks have sparked speculation among market participants about possible rate cuts by year-end, which could support credit growth and equity valuations.