INSUBCONTINENT EXCLUSIVE:
Mumbai/Kolkata: The Reserve Bank of India (RBI) kept interest rates unchanged on Thursday as expected amid concerns over inflation
from the previous projection of 5.1-4.7%
2019, the fastest since July 2014
turned around and point to a lift in the momentum of economic activity, there is a need to await incoming data to gauge their
Consequently, all other rates remain the same
Investors had factored in a pause by the MPC on Thursday after it raised the inflation forecast in the December policy review after the
Consumer Price Index (CPI) surged due to rising vegetable prices
Rates had been kept unchanged at that last review as well
Economists said that the December CPI gain of 7.35% was an exceptional one and that it would slow in the months ahead farm products come to
These developments should amplify the effects of the cumulative policy rate reductions since February 2019 and pull up domestic demand going
hit by the coronavirus outbreak in China
likely to continue with the pause till there is greater visibility on the inflation front
At this juncture, rate modification is actually not required as the inter-bank market has a huge surplus of close Rs 3 lakh crore to support
research at Emkay Wealth Management