More rate cuts ahead? What finance ministry’s latest report...

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More rate cuts ahead? What finance ministry’s latest report hints, inflation dips below RBI’s 4% target

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The finance ministry suggests the RBI has scope for further interest rate cuts, as inflation remains below the 4% target, reaching a six-year low of 2.82% in May. With subdued core inflation and favorable global crude oil prices, the ministry anticipates the full-year inflation rate may undershoot the RBI's expectations.

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