RBI might keep interest rates unchanged
In its upcoming bi-monthly policy review, the Reserve Bank is expected to keep the key interest rates unchanged for the third consecutive time. Despite the US Federal Reserve and the European Central Bank raising their benchmark rates.
Experts predict that the Reserve Bank of India will maintain the status quo due to domestic inflation remaining within the RBI’s acceptable range. The borrowing cost, which had been increasing since May of the previous year, has now stabilized. The Reserve Bank of India has maintained the repo rate at 6.5 percent since February when it was raised from 6.25 percent.
