According to Jin Ten Data, due to inflation being lower than expected, the market widely anticipates that the Indian central bank will cut rates for the third consecutive time on Friday. A Reuters survey showed that out of 61 economists, 53 expect a 25 basis point cut, bringing the repo rate down to 5.75%.
Barclays economists indicate that although there is no urgency for a rate cut on June 6, it is expected that the central bank will cut rates and maintain an accommodative stance. This is based on opportunistic moves due to inflation outcomes and prospects being lower than expected.