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Inflation worries: RBI to keep rates steady over the next 18 months

Economists expect inflation to be at 5% for the 2017/18 fiscal year


The Reserve Bank of India is expected to keep interest rates steady well into next year after it shifted to a neutral monetary policy stance in February, and despite having raised concerns over a potential spike in inflation, a Reuters poll found. Earlier this month, the Reserve Bank of India raised a secondary rate while holding the key repo rate steady to mop up excess liquidity from the government's demonetisation drive, making it the fourth meeting in a row it has surprised markets. The median consensus in the poll of more than 35 economists, conducted between April ...

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First Published: Thu, April 20 2017. 13:48 IST