India raises concerns at the WTO over China’s non-transparent subsidies, trade barriers affecting pharma, shrimp, and bovine exports, and export controls on critical materials. India seeks clarity on trade practices and consistency with global norms to address the $85.07 billion trade deficit and market access restrictions.
Quite risky to cut rates at this stage: RBI Guv Shaktikanta Das
“Inflation is moderating, with certain risks about which we have to be very vigilant,” Das said at an event organised by Bloomberg on Friday. “Therefore, a rate cut at this stage will be very premature and can be very, very risky. When your inflation is 5.5% and the next print is also expected to be high, you can’t be cutting rates at that point.”