Morgan Stanley projects the RBI to cut policy rates by 25 bps each in October and December, potentially bringing the terminal rate to 5%. This easing cycle is driven by sustained disinflation, with CPI inflation expected to average 2.4% in FY26, significantly below the RBI’s 4% target. Food price softness and easing input costs support this benign inflation trend. Post navigation India-US trade talks resume: Deal unlikely unless extra 25% tariffs lifted, says GTRI; urges firm stance on farm, dairy Gold rate today: October futures cross Rs 1.10 lakh per 10 gm; Fed rate-cut hopes and weak dollar fuel demand
