RBI keeps policy rates unchanged
The Reserve Bank of India (RBI) held its policy rate at 7.25 percent on Tuesday, pausing as widely expected after a spike in food prices sent consumer inflation to an eight-month high.
The Reserve Bank of India (RBI) held its policy rate at 7.25 percent on Tuesday, pausing as widely expected after a spike in food prices sent consumer inflation to an eight-month high.
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All but four of 51 analysts polled by Reuters had predicted the RBI would keep the repo rate on hold.
The central bank has reduced the policy rate by a total 75 basis points since January, when it embarked on an easing cycle.
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