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RBI to keep rates unchanged in October, cut growth forecast: Poll

The reverse repo rate is expected to be left at 5.75 percent across the same period

Reuters  |  BENGALURU 

The Reserve Bank of India will hold policy steady at its Oct. 4 meeting, and well past next year, amid weak economic growth and signs inflation may soon overshoot its target, a Reuters poll found. Asia's third-largest economy started losing momentum after the government scrapped 86 percent of currency in circulation late last year, hurting demand in India's cash-reliant economy, and the slowdown was compounded by the implementation of a new tax system. In August, despite a neutral policy bias, India's central bank cut the key policy rate after lowering its economic ...

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First Published: Wed, September 27 2017. 12:52 IST