This marks the ninth consecutive time the MPC has held the repo rate at 6.5%, maintaining its stance of 'withdrawal of accommodation' to steer inflation towards the desired target. The decision received majority support, with four out of six members in favour.
If the RBI maintains status quo in policy rates on Wednesday, it would be the ninth consecutive time since the rate remains unchanged. The central bank had last revised the policy rate on May 22, 2020, in an off-policy cycle to perk up demand by cutting interest rate to a historic low.
A majority of the analysts and bankers were expecting the six-member Monetary Policy Committee to go at least for a 0.25 per cent hike in key rates at the review.
Mumbai: Giving no respite to borrowers, Reserve Bank for the third time in a row kept the key policy rate unchanged saying that it has to remain vigilant to the impact of deficient monsoon on
Mumbai: Reserve Bank Governor Raghuram Rajan on Monday hinted at increasing the key rate at the second quarter monetary policy review tomorrow, citing urgency to anchor inflationary expectations."With the normalisation of exceptional monetary measures under
Top News
Latest News
