The Reserve Bank of India's (RBI) decision to keep the repo rates unchanged in the August policy cycle is seen as a technical pause driven by inflation projections and growth dynamics, according to a report by SBI.
In an unanimous decision the Reserve Bank of India (RBI) Monetary Policy Committee (MPC) has kept the repo rate unchanged at 5.5 per cent in its August policy meeting. The decision was announced by RBI Governor Sanjay Malhotra on Wednesday.
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) may go for another cut in the policy rate of 25 basis points (bps) in the upcoming August policy meeting, bringing it down to 5.25 per cent, according to a report by ICICI Bank.
New Delhi [India], October 4 (ANI): The Reserve Bank of India (RBI) after keeping the repo rate and reverse repo rate unchanged at 6 percent and 5.75 percent respectively, revised its projection of growth to 6.7 per cent for the year 2017-18 in its October policy resolution against 7.3 per c