Analysts have formed a broad consensus that the Monetary Policy Committee (MPC) will hold the repo rate at 6 per cent at the December meeting. Despite some significant positive developments since the last meeting – a sharp climb in India’s Ease of Doing Business ranking, public sector bank recapitalisation and Moody’s sovereign ratings upgrade – there seem enough risks in the global and domestic economic environment to keep the repo rate on hold for now.
Juxtaposed against the MPC’s mandate to guide CPI-based inflation to the medium-term target of 4 per cent, we expect a gradual rise in the
Juxtaposed against the MPC’s mandate to guide CPI-based inflation to the medium-term target of 4 per cent, we expect a gradual rise in the
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