"We think the Reserve Bank will have a tough time to reason out a rate cut if inflation remains worrisome," she said. "If the Reserve Bank does cut the rate it will be surprising."The World Bank and the International Monetary Fund earlier this week cut their predictions for India's economic growth. The World Bank expects India's economy to grow 6 percent for the year, and the International Monetary Fund forecasts growth of just 4.9 percent, down from its earlier projection of 6.1 percent.
India Industrial Output Rose 2.7 Percent In August
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.