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RBI keeps repo rate on hold at 6 percent, stance 'neutral'

Reuters  |  MUMBAI 

MUMBAI (Reuters) - The Reserve Bank of India kept its policy rate unchanged at a more than seven-year low of 6.00 percent on Wednesday 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 unchanged at the lowest since November 2010 for a second meeting in a row.The central bank reiterated that it is maintaining a "neutral" stance in monetary policy.The RBI also kept the reverse repo rate unchanged at 5.75 percent.Five members of the monetary ...

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First Published: Wed, December 06 2017. 14:33 IST