RBI meeting starts today, announcement will be tomorrow at 11AM.
Repo rate has remained unchanged at 6.5% since Feb 2023, with last rate cut was in May 2020.
GDP growth has slowed, with food inflation above comfort zone.
Recent action by RBI - lower CRR and liquidity injections.
It will be Economy vs Inflation for RBI
Market is expecting rate cut.
Our views : Rates unchanged with dovish commentary.