A cut in RBI interest rates is possible due to recent stock market crashes and rising food inflation, among other factors.
The RBI's Monetary Policy Committee has maintained the repo rate at 6.5% since February 2023. Retail inflation reached a 14-month high in October.
Piyush Goyal has expressed his desire for the RBI to reduce interest rates, prompting a response from Shaktikanta Das.
The stock market has fallen by 10% from its peak, which may increase the urgency for a rate cut, or there may be good news that could help improve the situation.