RBI has room for more rate cuts, but with caution, says rate panel member

Saugata Bhattacharya, an external member of India's rate-setting panel, suggests India has scope for further rate cuts due to declining inflation and growth uncertainties. However, he advises a cautious and calibrated approach to policy easing. Bhattacharya anticipates rate cuts to transmit to consumers in the coming quarters and believes liquidity infusions are easier to reverse if inflationary pressures arise.