Looking at India's growth performance from the expenditure lens indicates a pickup in the private consumption expenditure to 6.9% YoY in Q3FY25 compared to 5.9% YoY in Q2FY25
The RBI has calendarized its VRRR auction and stands ready to enhance its duration. This is the first sign of preparing the market for an eventual increase in the reverse repo rate.
With inflation pressures likely to remain intact, the other critical input for the RBI will be the global monetary policy conditions, especially in the US
While tax increases led to an increase in the prices of petroleum products, this could lead to broad-based cost push pressures through the transportation channel
The central bank might not be in any immediate position to deliver a rate cut, even as the first target of sub-eight per cent inflation for January 2015 is likely to be achieved