RBI TO KEEP REPO RATE UNCHANGED: REUTERS

According to a poll conducted by Reuters, participants expect the Reserve Bank of India to keep its repo rate unchanged at 8 percent when it meets tomorrow. The RBI is of the premise that unless the government reduces its fiscal deficit, a rate cut in the benchmark rates will not be of much effect in the near period. Lack of supply side solutions to tackling food supply could result in higher inflation. Lack of adequate monsoons would also contribute to the rise in inflation.

(Reuters)



Categories: General News

Tags: , , , , ,

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: