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 ...

The 2017 “WannaCry” cyber attack demanded affected users wire ransom money via Bitcoin.
You don’t have to be a digital whizz kid to know that the wars...
A woman protests a planned coal-fired plant  in southern Thailand.
Southeast Asian governments are finding themselves caught...
Singapore to Hike GST for First  Time in Decade
Singapore is expected to raise goods and services tax for the...
Malaysia has shown willingness to move towards  a market-oriented mechanism.
Forty-three World Trade Organization members who participated...
South Africa Wants to Increase VAT Rates
With an economic downgrade to junk status, a slowly growing...
62% of Japan Loan Rate  Below 1%
After two years of the Bank of Japan guiding key interest...
Fitch Upgrades Greece
Fitch Ratings raised Greece’s sovereign credit rating by one...
China’s Commerce Ministry says the proposed US measures are groundless.
China said proposed US tariffs on imported steel and aluminum...

Add new comment

Read our comment policy before posting your viewpoints