RBI expected to cut rates to 5.25% on December 5: Reuters poll
BENGALURU, Nov 27 (Reuters) – The RBI (Reserve Bank of India) will cut its key interest rate by 25 basis points to 5.25% on December 5, according to a majority of economists polled by Reuters who expect the rate to stay there through 2026. A sharp fall in food prices and tax cuts on consumer goods drove India’s consumer inflation to a record low of 0.25% in October, giving the central bank room to support weak consumption despite renewed pressure on the rupee. The currency hit a new low of 89.49 against the dollar on Friday. RBI Governor Sanjay Malhotra