News Snapshot:
The Reserve Bank of India is likely to hold the key interest rates in its December monetary policy review and continue with its emphasis on containing inflation, which has shown encouraging trends the past two months. Macroeconomic indicators remain healthy, with GDP growing at 7.6% in Q2, exceeding expectations. With economic growth continuing to be strong, the central bank will focus mainly on inflation, liquidity, and currency management. Given the global economic trends and geopolitical situation, expect RBI to keep its key rates and stance unchanged. Given the likely status quo, the market will instead closely track the narrative from...
