RBI MPC Meeting : As Indians rejoice following the GST rate cuts that came into effect from September 22, all eyes are on the Reserve Bank of India (RBI) now. Will We See Another Rate Cut This Time? No point in committing a Type 2 error (No rate cut with Neutral Stance) in September also. A 25 bps rate cut in September is the best possible option for RBI,” the report stated. “With benign inflation outlook, we see the possibility of another 25bps rate cut in October-December 2025E,” the firm said in a note.