At the next MPC meeting to be held between October 7 and 9, the RBI has its task cut out. The US Fed has surprised with a 50 bps rate cut.

The Federal Reserve’s 50 basis points (bps) rate cut has raised expectations of ripple effects on India’s economy and financial markets, however, analysts say the Reserve Bank of India (RBI) is likely to maintain a domestic-focused approach,

RBI unlikely to follow US Fed in rate cuts, focusing on domestic growth-inflation conditions for monetary policy decisions.

The first US interest rate cut in four and a half years is here. It's widely expected that other central banks, particularly those in Asia, would follow the US Federal Reserve in bringing down borrowing rates.