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Another rate cut? RBI might soon cut rates by 25 basis points; ICICI flags weak demand, easing inflation
ICICI Bank reports that the Reserve Bank of India might cut policy rates due to weak urban consumption and uncertain global demand. Easing inflation could prompt a 25 basis point rate cut as early as August. The RBI's neutral stance and data-dependent approach, combined with recent economic signals, create room for monetary easing.
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