Nomura's Varma Sees RBI Stance Sticking to Neutral

The transcript discusses the anticipated 25 basis point rate cut by the RBI, maintaining a neutral stance due to forward-looking inflation and growth forecasts. It highlights potential dissent among RBI Board members, with some advocating for a pause and others for a larger cut. The discussion also covers the impact of rising real rates in India and the adaptive nature of inflation expectations, emphasizing the need for a forward-looking monetary policy.

How does the text describe the current stance of the RBI in relation to monetary policy?

What is the expected dissent among the Board of Governors at the RBI regarding the rate cut?