Published 2 months ago

RBI likely to keep interest rate unchanged as inflation still high: Experts

Summary by Ground News

The Reserve Bank is likely to maintain status quo on policy rates for the fourth time in a row at its bi-monthly monetary policy review meeting early next month. The Reserve Bank had raised the benchmark repo rate to 6.5 per cent on February 8, 2023 and since then it has retained the rates at the same level.

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Times of India

RBI likely to keep interest rate unchanged as inflation still high: Experts

The RBI has kept rates unchanged since raising the benchmark repo rate to 6.5% in February. Despite a slight decrease in CPI-based retail inflation in August, it remains above the RBI's target of 6%. Experts also highlight uncertainties surrounding crop production and anticipate the RBI's cautious approach amid a cloudy outlook for food inflation and elevated crude oil prices.

2 months ago·India

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Devdiscourse

RBI likely to keep interest rate unchanged as inflation still high: Experts

RBI likely to keep interest rate unchanged as inflation still high: Experts The Reserve Bank is likely to maintain status quo on policy rates for the fourth time in a row at its bi-monthly monetary policy review meeting early next month, as retail inflation continues to remain high and the US Federal Reserve has decided to keep a hawkish stance for some more time, according to experts.The Reserve Bank had raised the benchmark repo rate to 6.5 p…

2 months ago

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News8Plus

RBI Action on Inflation: Inflation increases the concern of the Reserve Bank, the bank can once again keep the policy rate unchanged.

RBI Motion on Inflation: On one hand, most people is troubled by rising inflation, then again, it’s also inflicting issues for the nation’s high financial institution, Reserve Financial institution of India. The Financial Coverage Committee (MPC) has emphasised on maintaining a tally of meals inflation. Together with this, all six members together with MD Patra, Shashank Bhide, Ashima Goyal, Jayant R Verma and Rajeev Ranjan had voted in favor …

2 months ago·India

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