Industry is firmly hoping for a 25-basis-point rate cut in the upcoming RBI’s Monetary Policy Committee meeting, with inflation largely under control and growth remaining the government’s key priority.

Anant Goenka, President of Federation of Indian Chambers of Commerce and Industry (FICCI), said industry is clearly rooting for lower interest rates to support investment and demand.

“A 0.25% cut is very welcome, and that’s what industry is hoping for,” Goenka said, reflecting broad corporate sentiment ahead of the RBI’s policy decision.

On the sharp fall and volatility in the rupee, Goenka said that while large swings do create some concern, a weaker currency is overall positive for exports and domestic competitiveness.

With the RBI and the government allowing market forces to determine

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