RBI Rates

The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) on Wednesday kept the repo rate unchanged at 5.25 per cent.

The repo rate call was a tough one to take considering that inflation is high and at the upper level of the band

It forecast India's real GDP growth to pick up slightly to 5.4 per cent in 2020-21, from its estimate of 4.9 per cent in the current fiscal.

Since the high cost of funds is holding up lending, if the RBI forcibly reduces bond yields, banks will borrow cheap under LTROs and lend more

While the repo rate remained at 5.15 per cent and the stance "accommodative", the central bank said there would be rate cuts as and when opportunity came

Experts rule out rate cut till April, saying it'll take time for vegetable prices to fall

The MPC underlined the rising consumer price inflation as one of the reasons

Knight FRank India CMD Shishir Baijal said the RBI's decision to not lower interest rate has come "as a surprise and a bit of a disappointment to the industry"

R Sivakumar says the RBI is promising an 'accommodative' stance

Shaktikanta Das likely to initiate required steps in coming weeks

RBI is expected to keep interest rates on hold over the coming months

'Reduction in interest rates by itself does not increase credit flow', says Reddy

The central bank wanted to be surer that inflation will stay subdued: RBI Governor Urjit Patel