Barclays: India's central bank could cut interest rates in June

The Reserve Bank of India is likely to cut interest rates in June, having previously been forecast for August, Barclays economists said in a note. India's April-June average inflation rate is expected to be around 3.0% -3.1%, well below the Reserve Bank of India's 3.6% forecast, which could prompt it to cut interest rates for the third time in a row at its June meeting. While the sequential slowdown in food prices may be coming to an end, overall price pressures remain under control and the May inflation data could benefit from a base effect. Barclays expects inflation of 4.0% for the fiscal year 2025-2026, with downside risks. (Golden Ten)