Sunday, April 14, 2024

Topic: Reserve Bank of India

RBI keeps repo rate unchanged at 6.5% – first pause after six hikes in a row

The Reserve Bank of India has decided to maintain the repo rate at 6.5 percent, stating that it will take necessary measures in the future if required.

Latest Reuters poll forcastes little hope for Indian rupee in the coming year

According to a recent Reuters poll, India’s battered rupee is expected to remain the same for a while, trading near recent record lows over the coming year. However, the Reserve Bank of India is forecast to raise rates in December and once more in 2019.