HSBC India Country Head, Naina Lal Kidwai mentioned that on 29th September 2015 or earlier, it is predicted that RBI is going to cut the interest rates by 0.25 percent. The decision has been taken in the view of the fact that inflation has come under control. She added that between now and the end of the year, the downward trend would continue. PM Narendra Modi has determined this interest rate cut down action plan profitable by RBI because of the record low inflation. The government is also giving a green signal to this proposal to fight against the inflation.
Source: The Financial Express