'A tad difficult': RBI not likely to cut rates in October, says SBI; bond yields also expected to remain elevated
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The RBI is likely to hold steady on interest rates in October, an SBI report suggests, as August 2025 inflation is projected to rise above 2%. Despite a drop in retail inflation to a 98-month low of 1.55% in July 2025, driven by easing food prices, concerns about future inflation complicate potential rate cuts.
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