Despite inflation falling below the apex bank's target of 4 per cent for the past two months, the policy rates will not change in the MPC meeting commencing on October 7, as per BoB report.
The latest RBI action follows the Bank of England raising rate by 50 basis points, the biggest hike in 27 years, to 1.75 per cent.
The Reserve Bank of India has maintained status quo fifth time in a row on policy rate. The bank has kept repo unchanged at 4 per cent.
Brickwork Ratings(BWR) in a report said that given the continued contraction of the economy, MPC is likely to continue with its accommodative monetary policy stance to manage financial stability and support growth recovery.
A majority of the economists have polled in favour of the Reserve Bank of India maintaining a status quo on repurchase rates for commercial banks.
New Delhi: As expected, the Reserve Bank of India has kept the repo rate (the interest rate at which it lends short-term funds to banks) unchanged at 7.75 per cent.However, the RBI has slashed statutory
New Delhi, Dec 18: As expected, the RBI left key interest rates unchanged on Tuesday, reiterating its October guidance of further policy easing in the March quarter as it shifts its focus towards boosting growth.
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