0337 GMT - The Reserve Bank of India is likely to pause monetary easing at its August and October meetings, three members of HSBC Global Research say in a note. Last Friday, India's central bank front-loaded easing by lowering the policy repo rate by 50 bps to 5.5%, and unexpectedly reduced the cash reserve ratio by 100 bps, they note. The RBI's stance has also changed to neutral from accommodative. However, HSBC keeps its call for a final 25bp rate cut in December, bringing the repo rate to 5.25%. "This is predicated on our view that growth in FY26 will be lower than RBI's 6.5% forecast," HSBC adds. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
June 08, 2025 23:37 ET (03:37 GMT)
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