You are here: Home » Reuters » News
Business Standard

India seen holding rates steady as inflation, growth soften

Reuters  |  MUMBAI 

By Suvashree ChoudhuryMUMBAI (Reuters) - Analysts expect the Reserve Bank of India (RBI) to support an economy that is losing momentum by leaving interest rates unchanged at a policy meeting on Wednesday, when just over a month ago most of them had predicted a hike.Having resisted any temptation to jack up rates in October when the rupee was sliding to a record low against the dollar, the Reserve Bank of India has been vindicated by the currency's subsequent recovery, and by waning inflationary pressures thanks to falling food and oil prices.The rupee is now nearly 6 percent off its low, and ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Tue, December 04 2018. 14:13 IST
RECOMMENDED FOR YOU