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RBI Governor Sanjay Malhotra-headed MPC is scheduled to begin a three-day meeting on policy rate on Monday
Gold price kerala surge is attributed to international market trends and anticipated US Federal Reserve interest rate cuts
As a result, gold rates in Kerala- which closely follow global market trends- have gone up.
The central bank has lowered its inflation projection to 3.1% for the current fiscal year.
Kerala inflation remains high in June, contrasting with the nationwide decline in India.
Kerala cooperative banks are facing challenges due to the RBI's interest rate cut, forcing them to reduce deposit rates.
Delivering the announcement on the rate cut, RBI Governor Sanjay Malhotra said that inflation had softened significantly.
Economists and banking experts widely expect the central bank to reduce the repo rate by 25 basis points.
The SBI rate cut follows the Reserve Bank's 25 basis point cut in April for the second time in a row.
This high inflation in Kerala is a concern for many experts, even with the cut in the repo rate.
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