'A tad difficult': RBI not likely to cut rates in October, says SBI; bond yields also expected to remain elevated

The RBI is likely to hold steady on interest rates in October, an SBI report suggests, as August 2025 inflation is projected to rise above 2%. Despite a drop in retail inflation to a 98-month low of 1.55% in July 2025, driven by easing food prices, concerns about future inflation complicate potential rate cuts.