No Rate Cut in August: RBI Governor Shaktikanta Das
2024 • 3min • News • Business
Informative
Published On: July 12, 2024 - One of the key events market watchers are eagerly anticipating is the Reserve Bank of India's policy decision in August. Many expect that India's central bank may soon cut interest rates to further boost the economy, as inflation continues to decline month by month. However, RBI Governor Shaktikanta Das has poured cold water on these hopes. He recently stated that interest rates are likely to stay higher for longer.