You are here: Home » Reuters » News
Business Standard

RBI keeps rates on hold; to gradually reduce SLR

Reuters  |  MUMBAI 

By Swati Bhat and Suvashree ChoudhuryMUMBAI (Reuters) - The Reserve Bank of India (RBI) kept interest rates unchanged on Wednesday, in a decision that was widely expected as inflation has eased significantly, while it took steps to persuade banks to lend more in order to support an economy that has lost some momentum.The monetary policy committee (MPC) kept the repo rate unchanged at 6.50 percent on Wednesday as predicted by 64 of 70 analysts in a Reuters poll. The central bank also retained its 'calibrated tightening' stance as expected.All six members of the MPC voted to keep the rates on ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Wed, December 05 2018. 15:13 IST
RECOMMENDED FOR YOU