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India's central bank expected to cut rates to 5.25% on December 5www.reuters.com/world/india/indias-central-bank-expected-cut-rates-525-december-5-2025-11-27
588 sats \ 4 comments \ @Coinsreporter 8h econ
The Reserve Bank of India will cut its key interest rate by 25 basis points to 5.25% on December 5, according to a majority of economists polled by Reuters who expect the rate to stay there through 2026.
A sharp fall in food prices and tax cuts on consumer goods drove India's consumer inflation to a record low of 0.25% in October, giving the central bank room to support weak consumption despite renewed pressure on the rupee.
I agree food prices did fall and tax cuts (by almost 30-60%) on most goods must have impacted it. But I was really hoping for a 50 points cut. It's ok it'll slide rupee further towards hell. Rupee has already fallen to record lows in terms of USD.
What I hear that USD is also declining, which means the Fiat is doomed. Thank God.
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176 sats \ 3 replies \ @Undisciplined 7h
That's wild that price inflation is so low while the exchange rate is falling so much.
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69 sats \ 2 replies \ @Coinsreporter OP 7h
I also can't understand it. But rupee has forever been sliding against USD.
I'm so glad I realised it way too early. And now I'm earning in Bitcoin is a blessing.
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21 sats \ 1 reply \ @Undisciplined 7h
Are imports getting more expensive?
Something must be getting more expensive for the currency to be weakening so much. That's what it means for a currency to weaken, after all.
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0 sats \ 0 replies \ @Coinsreporter OP 7h
I don't think so. Maybe it's because India is too much dependant on oil exports, now the high USD interest rates due to tariffs and may be persistent capital outflows. The INR could be much more weaker had it not been supported by strong domestic market demand and strong GDP growth. But for how long? If this continues, the next year INR will slide more — definitely under 0.01 USD.
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