In India, where faced with high customs levels of the United States, interest rates remain unchanged.
The Indian Central Bank (RBI), after increasing the interest rate of 50 -Basin in June, at the August meeting, kept the basic repo interest rate at 5.50 % at the August meeting and the neutral stance. The interest rate has been at the lowest level since August 2022. The decision was made after the final announcement of the United States, reduced in inflation and customs of 25 % for India's import. In terms of economic appearance, GDP has protected the forecast of GDP growth for 6.5 % and 6.6 % for the next financial year. Meanwhile, inflation forecasts have been modified from 3.7 percent to 3.1 percent, still within the target range of 2-6 percent of RBI.
