India cenbank may slash inflation, lift GDP forecast in Oct, ICICI Securities PD says

ICICI Securities

15/09/2025 06:50

Reserve Bank of India likely to slash its inflation forecast for current financial year in its monetary policy review next month, ICICI Securities Primary Dealership says

The primary dealership expects RBI to cut forecast to 2.5%, down 60 bps from August prediction

"Inflation in the last quarter of fiscal (Jan-Mar 2026) may be pegged closer to 4%, even as we believe it could be lower," I-Sec PD economists say in a note on Monday

RBI policy decision is due on October 1, with I-Sec PD saying the central bank may choose to hold rates

It also expects RBI to raise its GDP forecast for the fiscal year by 20 bps to 6.7%

Upgrade in growth forecast and downward revision in inflation outlook should keep RBI on status quo, I-Sec PD says

 (Reporting by Dharamraj Dhutia)

 ((dharamraj.dhutia@tr.com))