Expected Fed Rate Cuts 2024 India. The us federal reserve cut its benchmark interest rate by an unexpected 50 basis points (bps) on wednesday, a move that caught many by surprise. The reserve bank of india (rbi) kept its benchmark policy repo rate at 6.5% for the tenth consecutive meeting in october 2024, aligning with market expectations, but tweaked its policy.
Analysts suggest that the rbi may consider a rate. India’s inflation stood at 3.65% in.