 "Interest rates, RBI, RBI rates, Inflation")
In a meeting last week, the monetary policy committee (MPC) voted to keep the benchmark interest rate unchanged. As shown in Chart 1, the policy repo rate stands at six per cent. The decision, taken by a 5-1 vote, was expected by analysts. Headline retail inflation, as measured by the consumer price index, had risen to a seven-month high of 3.6 per cent in October. And, as shown in Chart 2, core inflation, which excludes food and fuel, continues to remain sticky.
The MPC now expects the inflation rate to rise during the second half of the year, ranging
