India’s central bank is expected to cut its key policy rate by 0.25% in December to support slowing economic growth. A Reuters poll shows a slim majority of economists predicting the rate cut. Inflation is expected to moderate, providing the Reserve Bank of India room for policy easing. Growth rates are also predicted to slightly decline.
RBI eases restrictions on cash credit accounts, eases current account norms
The Reserve Bank of India has lifted all restrictions on banks opening and maintaining cash credit accounts, offering greater flexibility for short-term working capital loans.