 "RBI, bank employees, strike, demonetisation")
The Reserve Bank of India (RBI) on Wednesday kept its key policy rate unchanged.
Due to demonetisation, the banks are already flush with funds and any rate cut may not deliver the desired results.
Due to demonetisation, the banks are already flush with funds and any rate cut may not deliver the desired results.
The repo rate remains unchanged at 6.25 per cent.
The central bank's monetary policy committee on Wednesday voted 6-0, its third unanimous decision in a row and opted to wait for more clarity on inflation trends.
The central bank's monetary policy committee on Wednesday voted 6-0, its third unanimous decision in a row and opted to wait for more clarity on inflation trends.
The policy saw the central bank change its stance from accommodative to neutral, which would be seen as a hawkish move.
Before the meeting, analysts were split
