RBI Likely to Hold Policy Rate
World Economy

RBI Likely to Hold Policy Rate

The monetary policy committee, headed by the Reserve Bank of India Governor Urjit Patel, began its 2-day meeting Wednesday amid experts saying that the central bank is likely to hold the rate on Thursday while unveiling the first bi-monthly review of 2017-18 in view of hardening inflation, PTI reported. Rising interest rate in the US provides sufficient indication that benchmark policy rate of the RBI is not going to go down but may increase in the future depending on domestic and external factors, experts said. They were of the view however that RBI could announce some measures including standing deposit facility to absorb additional liquidity in the system following demonetization, announced on November 8, 2016. HDFC Bank chief economist Abheek Barua said RBI is likely to keep the repo rate unchanged in its upcoming monetary policy review. “In our view, the main focus of the central bank is likely to be on liquidity absorption in order to signal a neutral policy approach and for gaining additional headroom to intervene in the currency market,” he said.


Short URL : https://goo.gl/jLI1bj
  1. https://goo.gl/EGHnIu
  • https://goo.gl/UFXakR
  • https://goo.gl/Aygc3e
  • https://goo.gl/x2xNJB
  • https://goo.gl/32oEjJ

You can also read ...

Blue Economy Movement Gaining Traction in Africa
An increasing number of African countries are now embracing...
Japanese Prime Minister Shinzo Abe (C) speaks as European Commission President Jean-Claude Juncker (L) and European Council President Donald Tusk listen during  a joint press conference at Abe’s official residence in Tokyo on July 17.
Japan and the European Union signed a landmark deal on Tuesday...
The trade war began when Donald Trump introduced tariffs on imported steel and aluminum.
Rising trade tensions between the United States and the rest...
There are indications that investments in digital economy will...
Striking Amazon Employees in Europe Demand Better Working Conditions
Thousands of workers walked off their jobs on Tuesday at...
The parliament approved a five billion pound start-up capital for the fund called “Egypt Fund”.
Egypt is setting up a sovereign wealth fund with a capital of...
SNB to Raise Rates in 2019
The Swiss National Bank will continue tracking its eurozone...
Canada Growth Robust, Housing Sector Cooling
On July 13, the executive board of the International Monetary...

Add new comment

Read our comment policy before posting your viewpoints