INR: RBI seen steady on rates – Societe Generale

Societe Generale’s Kunal Kundu expects the Reserve Bank of India (RBI) Monetary Policy Committee to keep the repo rate at 5.25% with a neutral stance, focusing on stability after recent Oil and FX shocks. Societe Generale’s Kunal Kundu expects the Reserve Bank of India (RBI) Monetary Policy Committee to keep the repo rate at 5.25% with a neutral… Societe Generale’s Kunal Kundu expects the Reserve Bank of India (RBI) Monetary Policy Committee to keep the repo rate at 5.25% with a neutral stance, focusing on stability after recent Oil and FX shocks. Societe Generale’s Kunal Kundu expects the Reserve Bank of India (RBI) Monetary Policy Committee to keep the repo rate at 5.25% with a neutral stance, focusing on stability after recent Oil and FX shocks. Kundu highlights a favourable inflation and growth mix, a much higher real policy rate than in 2022, and a Federal Reserve (Fed) on hold, which should be less negative for emerging‑market FX.RBI focus on stability and… For traders, releases like this can quickly shift rate expectations, currency direction, index futures and broad risk sentiment. Watch the next move in the dollar, front-end yields and index futures to see whether the market prices this release as a true surprise or only a passing headline.