Economists are forecasting that the Reserve Bank of India (RBI) will reduce interest rates by 25 basis points as it convenes for its three-day monetary policy meeting. This prediction comes as a result of decreasing inflation rates, a slowdown in economic growth, and the decline in global crude oil prices, all of which are providing the necessary conditions for such a decision. Moreover, experts anticipate a shift towards an ‘accommodative’ policy stance in order to further support economic activities in the country. The RBI’s decision will have a significant impact on various sectors including banking, real estate, and consumer spending. Stay tuned for updates on the RBI’s monetary policy announcement.