Mumbai (Maharashtra) [India], September 29 (ANI): The Reserve Bank of India’s Monetary Policy Committee (MPC) is expected to reduce the policy rates by 25 basis points (bps) in its policy announcement on Wednesday, according to a report by Union Bank of India.

The report suggested that the downward trend in inflation has created room for such a move, and this cut is being seen as a “booster cut” from the RBI.

It stated “Our baseline view is of a 25bps repo rate cut in this meeting. The view is premised on another round of sharp downward revision in inflation projection for FY26”.

The upcoming October MPC meeting has become too close to call, with markets debating whether the committee will go ahead with a cut or hold the rates steady.

The report, however, has presented its baseline vie

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