• Monday, August 15, 2022

Business

India’s RBI Keeps Repo Rate Unchanged at 6.50 Per Cent

India’s Central Bank, RBI Keeps Repo Rate Unchanged at 6.50 Per Cent (Photo: REUTERS/Francis Mascarenhas).

By: Radhakrishna N S

In a surprise move, India’s central bank, Reserve Bank of India (RBI) has maintained a status quo and kept the repo rate unchanged at 6.50 per cent after a momentary policy meeting which concluded on Friday (5). However, the central bank changed its stance from ‘neutral’ to ‘calibrated tightening’ revising its inflation estimate on the upside. RBI has also kept the reverse repo rate unchanged at 6.25 per cent after its fourth bi-monthly monetary policy meeting. RBI’s decision surprised the markets as most of the analysts had predicted a 25 basis points (bps) rate increase following depreciating rupee and inflationary trends…

You do not have access to this content. You need to subscribe.

Eastern Eye

Related Stories

Eastern Eye

Videos

Mrunal Thakur on Dhamaka, experience of working with Kartik Aaryan,…
Nushrratt Bharuccha on Chhorii, pressure of comparison with Lapachhapi, upcoming…
Abhimanyu Dassani on Meenakshi Sundareshwar, how his mom Bhagyashree reacted…