Santanu Sengupta says: “We are looking at two rate cuts from India, from the repo rate of 6.5% to 6% by the end of calendar 2024. We are seeing 25 basis points each in Q3 and Q4 of calendar 2024. But remember, the monetary policy in India will be more nuanced than just rate cuts. So, we see an easing of liquidity in the banking system from the RBI.”
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