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

• Radhakrishna N S
• 06 October, 2018

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…

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