RBI Rate Decision Set to Be a Close Call -- Market Talk

Dow Jones12-04 10:43

0243 GMT - Markets are split on India's central bank rate call on Friday amid conflicting signals, says DBS economist Radhika Rao. The Reserve Bank of India's move will be dictated by the weight policymakers give to below-target inflation--which has left a sizeable real rate buffer--or the firm 2Q growth report, Rao says. DBS's base case is for a modest cut, premised on a FY 2026 inflation trajectory that is not only running 50 bps-60 bps below RBI projections but has undershot the 2%-6% target band. That said, the rupee's sharp move this week has injected uncertainty into the rate decision. Rao thinks the RBI will refrain from providing directional currency cues. "Announcements on potential open market operations might be made outside of the rate decision timeline." (fabiana.negrinochoa@wsj.com)

(END) Dow Jones Newswires

December 03, 2025 21:43 ET (02:43 GMT)

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The Reserve Bank of India's move will be dictated by the weight policymakers give to below-target inflation--which has left a sizeable real rate buffer--or the firm 2Q growth report, Rao says. DBS's base case is for a modest cut, premised on a FY 2026 inflation trajectory that is not only running 50 bps-60 bps below RBI projections but has undershot the 2%-6% target band. That said, the rupee's sharp move this week has injected uncertainty into the rate decision. Rao thinks the RBI will refrain from providing directional currency cues. \"Announcements on potential open market operations might be made outside of the rate decision timeline.\" (fabiana.negrinochoa@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 03, 2025 21:43 ET (02:43 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00BVYPNP33.GBP","symbol_name":"GUINNESS ASIAN EQUITY INCOME \"C\" (GBP) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2588071014","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2588071014","pubTimestamp":1764816180,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Copyright (c) 2025 Dow Jones & Company, Inc.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE00BVYPNP33.GBP":"GUINNESS ASIAN EQUITY INCOME \"C\" (GBP) ACC","LU1497733631.SGD":"Eastspring Investments - Asian Low Volatility Equity Fund ASDM SGD","SG9999003800.SGD":"Nikko AM Global Dividend Equity Acc SGD-H","SG9999004360.SGD":"Nikko AM Shenton Thrift Fund SGD","LU0577902298.EUR":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (EUR) ACC","SG9999014302.SGD":"RHB Singapore Income Fund SGD","SGXZ27511609.SGD":"NIKKO AM SINGAPORE DIVIDEND EQUITY \"SGD\" (SGD) ACC","LU0029875118.USD":"TEMPLETON ASIAN GROWTH \"A\" INC","LU2238330802.EUR":"AZ EQUITY - ASEAN COUNTRIES \"AAZ\" (EUR) ACC","LU0188438112.USD":"SCHRODER ISF ASIAN EQUITY YIELD \"A\" ACC","IE00BGHQDM52.EUR":"GUINNESS ASIAN EQUITY INCOME \"C\" (EUR) ACC","LU0235996351.USD":"UBS (LUX) KEY SELECTION SICAV - ASIAN EQUITY (USD) \"P\" (USD) ACC","LU0210637038.USD":"HSBC GIF THAI EQUITY \"AD\" INC","LU2506952097.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"CRH\" (USDHDG) ACC","LU0672654166.SGD":"FTIF - Templeton Asian Growth A (acc) SGD-H1","LU0823417737.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"C\" (USD) INC","SG9999002406.SGD":"利安新加坡信托基金","LU1522347837.USD":"EASTSPRING INV ASIAN LOW VOLATILITY EQUITY FUND \"A\" (USD) ACC A","LU0737861269.HKD":"FIDELITY ASEAN \"A \" (HKD) ACC","SG9999002562.SGD":"LionGlobal Asia Pacific SGD","LU0886674414.USD":"CT (LUX) I ASIAN EQUITY INCOME \"AUP\" (USD) INC","LU0211331839.USD":"FRANKLIN MUTUAL GLB DISCOVERY \"A\" (USD) ACC","LU0950375773.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"C\" (USD) INC A","LU1497734951.SGD":"Eastspring Investments - Asian Low Volatility Equity Fund ASDM SGD-H","LU0898667661.SGD":"JPMorgan Funds - Asia Pacific Income A (mth) SGD-H","SG9999005177.SGD":"Legg Mason Martin Currie - Southeast Asia Trust A Acc SGD","LU0061477393.USD":"CT (LUX) I ASIA EQUITY INCOME \"AU\" (USD) ACC","LU0823413587.USD":"BNP PARIBAS EMERGING EQUITY \"C\" (USD) ACC","LU2506952170.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"CRH\" (USDHDG) INC","LU0205439572.USD":"富达亚太股息基金","LU1497733557.USD":"EASTSPRING INV ASIAN LOW VOLATILITY EQUITY FUND \"A\" (USD) INC A","LU1504937902.USD":"CT (LUX) I ASIAN EQUITY INCOME \"DUP\" (EUR) INC","SG9999001226.SGD":"UNITED SUSTAINABLE ASIA TOP 50 \"A\" (SGD) ACC","LU1634259391.SGD":"Eastspring Investments - Asian Low Volatility Equity Fund AS SGD","LU2257852520.SGD":"JPMorgan Funds - Asia Growth A (acc) SGD","LU0588545490.SGD":"Eastspring Investments - Asian Equity Income AS SGD","LU1211504680.USD":"ALLIANZ HIGH DIVIDEND ASIA PACIFIC EQUITY \"AM\" (USD) INC","LU1839390173.USD":"JPM ASEAN EQUITY \"A\" (USD) INC","SG9999013486.USD":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (USD) INC A","SG9999013353.USD":"SCHRODER ASIAN INCOME FUND\"A\" (USDHDG) INC","BK6523":"ESG概念","LU0251143029.SGD":"Fidelity ASEAN A-SGD","LU0441851309.USD":"JPM ASEAN EQUITY \"A\" ACC","LU0648948544.HKD":"ALLIANZ ASIAN MULTI INCOME PLUS \"AM\" (HKD) INC","LU1282649810.SGD":"Allianz Asian Multi Income Plus Cl AMg DIS H2-SGD","SGXZ58947870.SGD":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (SGDHDG) INC","IE00BVYPNQ40.USD":"GUINNESS ASIAN EQUITY INCOME \"C\" (USD) ACC","SG9999002679.SGD":"LionGlobal Singapore Balanced SGD","SG9999002604.SGD":"LionGlobal Singapore/Malaysia SGD"},"translate_title":"印度央行利率决定将是一场势均力敌的看涨期权——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{},"content_text":"0243 GMT - Markets are split on India's central bank rate call on Friday amid conflicting signals, says DBS economist Radhika Rao. The Reserve Bank of India's move will be dictated by the weight policymakers give to below-target inflation--which has left a sizeable real rate buffer--or the firm 2Q growth report, Rao says. DBS's base case is for a modest cut, premised on a FY 2026 inflation trajectory that is not only running 50 bps-60 bps below RBI projections but has undershot the 2%-6% target band. That said, the rupee's sharp move this week has injected uncertainty into the rate decision. 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