Morgan Stanley Predicts Deeper Rate Cuts by RBI

The Reserve Bank of India (RBI) is likely to lower interest rates further to help the Indian economy grow.

Morgan Stanley, a financial firm, predicts the RBI will cut rates by a total of 100 basis points.

This is because economic growth is slowing down and the RBI wants to help.

They might also use other tools, such as ensuring there's enough money available to banks and making it easier for banks to lend.

These measures are meant to boost economic activity in India.