Outlook: The Reserve Bank of India may cut interest rates for the third consecutive time.

Jin10 data June 4 news, due to inflation being lower than expected, it provides ample space for further promoting economic growth. The market widely expects that the Reserve Bank of India will cut interest rates for the third consecutive time on Friday. A Reuters survey shows that among the 61 economists surveyed, 53 expect the Reserve Bank of India to cut rates by 25 basis points, bringing the repo rate down to 5.75%. Two expect the central bank to cut rates by 50 basis points, while the remaining six expect the central bank to keep rates unchanged. Barclays economists stated that although there is no urgency for a third consecutive rate cut on June 6, they still expect the central bank to cut rates and maintain an accommodative stance. In light of inflation results and outlook being below expectations, this is an opportunistic move.