When will we see the next rate cut?

Probably in August. We can argue whether RBI is dovishly neutral or neutrally dovish but the telltale signs of at least one more rate cut are strewn all over the policy statement

Barring unforeseen developments (read: inflation overshooting the central bank’s estimate or sudden growth impulse in the Indian economy), another round of rate cut is in the offing for sure. The question is when. Can it happen in June, at the Reserve Bank of India’s (RBI’s) rate-setting body’s next meet? Or, in August?

My bet is on a August rate cut after the Union Budget (in July) is presented by a new government. By that time, the monsoon will also be halfway through and the impact of El Nino on the Indian monsoon as well as on food prices will be