Will the RBI cut rates?

.....The RBI’s first duty is to keep inflation down. So, it will not take any action that will serve to increase it. This means that it will not lower interest rates by any significant amount because lower rates will mean higher borrowings and greater spending. The problem, however, is that inflation is still running at a very high level. More money to spend will mean an immediate upward pressure on inflation because supply takes time to catch up. On balance, therefore, it is reasonable to expect the RBI not to cut rates in December........

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