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RBI to pause, but market to examine language closely

When the Federal Reserve is all set to tighten its monetary policy further


Anup Roy  |  Mumbai 

There is near unanimity that the Reserve Bank of India (RBI) won’t touch its key policy rate on Tuesday. However, the market would still examine the central bank’s guidance on a few key issues, including any hint of further accommodation at a time when the US Federal Reserve is set to tighten its monetary policy further and Britain is to decide whether it would be a good idea to stick with the European Union.

All the 10 economists polled by Business Standard last week expected RBI to keep its policy repo rate unchanged at 6.5 per cent. Even as not expected in the policy ...

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First Published: Mon, June 06 2016. 23:39 IST