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RBI holds repo rate at 6 percent, keeps 'neutral' stance

Reuters  |  MUMBAI 

MUMBAI (Reuters) - The Reserve Bank of India kept its policy rate unchanged on Wednesday, as widely expected, after inflation accelerated to a seven-month high and stronger economic growth reduced the need for monetary stimulus. All but two of 54 analysts in a Reuters poll had predicted the repo rate would be left for a second straight meeting at 6.00 percent, its lowest since November 2010.The RBI also kept the reverse repo rate unchanged at 5.75 percent.Wednesday's decisions were widely predicted after the annual rate of consumer inflation increased in October to 3.58 percent, driven by ...

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First Published: Wed, December 06 2017. 15:10 IST