08:54 AM EDT, 10/08/2024 (MT Newswires) -- Morgan Stanley said it expects the Reserve Bank of India to keep rates at 6.5% at Wednesday's meeting.

With regard to the stance, the bank thinks there could be a possibility of a change in stance to neutral --data dependent -- although with cautious undertones if the stance is changed at the RBI.

Morgan Stanley also said it forecasted a "highly anticipated" 25bps cut to 3.25% at Friday's Bank of Korea policy meeting.