RBI Holds Rate at 6.25%
World Economy

RBI Holds Rate at 6.25%

India’s central bank held interest rates on Thursday, in line with analysts’ expectations, citing inflationary pressures from an imminent tax reform and the possibility of a poor monsoon, AFP reported. The Reserve Bank of India said the benchmark repo rate—the level at which it lends to commercial banks—would remain at 6.25%. It was the third consecutive monetary policy committee meeting in Mumbai where rates have been left unchanged. RBI Gov. Urjit Patel said a new national goods and services tax due to be introduced on July 1 could push inflation up, while a weak monsoon could lead to a poor harvest and a rise in food prices.

Short URL : https://goo.gl/WHGBnV
  1. https://goo.gl/oM7AJk
  • https://goo.gl/Ast2qL
  • https://goo.gl/5VuiKk
  • https://goo.gl/5chLMX
  • https://goo.gl/snoygN

You can also read ...

Big Data, Online Markets Can Lead to Higher Prices
Information technology is not just transforming markets; it is...
Air India Sale Hangs in Balance
Uncertainty hangs over the Indian government's plans to sell...
Liu He (L) and Steven Mnuchin after the joint statement to avoid a trade war.
With "minutes to midnight", the great US-China trade war...
Italy could set the stage for the bloc’s next crisis if it delivers on its tax-cutting and high-spending policies.
Capital investment in 24 of the EU’s 28 member states has...
A meeting of eurozone finance ministers is set for June 21.
Greece’s creditors have agreed a program of reforms as the...
Bangla Trade Deficit Doubles
Bangladesh’s trade deficit has almost doubled within 12 months...
Egypt Gets Bids for Power Plant
Egypt next week will announce the winning consortium to build...
Cumulative gross financing needs could amount  to $69.3 billion for 2018 for the six-nation group.
While public debt levels remain at manageable levels for most...

Add new comment

Read our comment policy before posting your viewpoints