Overview
- The three-day policy review runs Dec 3–5, with Governor Sanjay Malhotra set to announce the outcome on Dec 5 at 10 a.m. IST.
- Official data show CPI inflation at about 0.25% in October, well below the 2–6% target band, while Q2 FY26 real GDP growth came in at 8.2%.
- The rupee has slid to a record low near 90 per US dollar, a development analysts say complicates the case for fresh easing.
- Forecasts diverge: Bank of Baroda, Yes Bank and others lean toward a pause at 5.50%, while CareEdge, CRISIL, HSBC and several surveyed economists see scope for a 25 bps cut.
- Economists expect revised projections on Friday, with potential downgrades to inflation near 1.8–2.0% and an upgrade to growth, plus cues on liquidity tools and the policy path.