# Reserve Bank of India to hold rates in August, first cut in Q4: Reuters poll

> A Reuters poll expects the Reserve Bank of India to hold rates in August and deliver its first cut in the fourth quarter. Inflation hit a five-month high of 5.08% in June, well above the central bank's 4% target.

- Date: 2024-07-31 · published 2024-07-31T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/29568-reserve-bank-of-india-to-hold-rates-in-august-first-cut-in-q4-reuters-poll
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Sticky Indian inflation and delayed easing keep borrowing costs high, which can slow domestic demand for poultry and dairy feed; the effect on grain prices is limited.

## Sources

- reuters.com: https://www.reuters.com/markets/asia/reserve-bank-india-hold-rates-august-first-cut-q4-2024-07-31/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.