Key Points
Despite recent drops in inflation, the central bank awaits more clarity on inflation trends before making cuts..
Economic indicators are mixed, but growth remains strong..
The Reserve Bank of India (RBI) is expected to uphold the status quo on both policy rate and stance for the tenth consecutive time in its October policy meet, says a research report by the Bank of Baroda (BoB)...
Despite inflation falling below the apex bank's target of 4 per cent for the past two months, the policy rates will not change in the MPC meeting commencing on October 7, as per BoB report...
However, the report further added that the outlook on food inflation is positive, supported by a normal monsoon a favourable outlook on food inflation is seen, food prices are expected to remain stable...
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