RBI's unlikely to cut interest rates before June next year

RBI's unlikely to cut interest rates before June next year https://ift.tt/RhVKeJ1 to the latest projections provided by the RBI's Monetary Policy Committee, consumer price index inflation is seen at 4% in July-September and 4.7% in October-December of the next financial year. The central bank has repeatedly emphasized that it needs to see a durable return to 4% inflation before it can consider any change in its current tight policy.