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Wednesday, 6 December 2017

RBI keeps key policy rate unchanged at 6%

RBI, Finance, Stock, Stock Market, Top Advisory, Money Maker Research
The Reserve Bank of India (RBI) monetary policy committee (MPC) on Wednesday kept the repo rate unchanged at its 5th bimonthly MPC meeting, given the warning over rising inflation.

The result was along the lines of the majority of market expectation, which anticipated the RBI to keep the key repo rate (the rate at which it infuses liquidity in the banking system) unchanged at 6 percent.

In the preceding meeting in October, the RBI had maintained status quo on rates. Since then, inflation based on the consumer price index (CPI) has grown to 3.58 percent, the fastest pace in 7 months, owing rising food and fuel prices.


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