While chances of a repo rate cut in December remain "remote," the RBI may move to ease liquidity for productive uses in the economy by cutting the cash reserve ratio (CRR), they feel. CRR is the percentage of cash that banks need to maintain in reserves against its total deposits.

India's economy grew at its slowest pace in seven quarters, expanding just 5.4% year-on-year in the July-September quarter. Weaker manufacturing and private consumption drove the slowdown. The Reserve Bank of India faces calls to cut rates to stimulate demand,

India's Q2 GDP growth slowed significantly from 8.1% to 5.4% in Q2 FY25, driven by weaker consumption and adverse weather impacts on key sectors. The slowdown aligns with economist predictions of 6.5% growth,

The economy expanded 5.4% in the second quarter from a year ago, hobbled by tepid consumption demand and a weakening in the mining sector