The Reserve Bank of India left its benchmark rates unchanged for the fifth straight session as policymakers assessed that the impact of the past rate hikes are yet to be fully felt on the economy, and the bank maintained a hawkish stance citing the risk of food price shocks derailing the disinflation process. The Monetary Policy Committee voted to hold the policy repo rate at 6.50 percent.
RTTNews | 3 days ago
The Indian economy continued to grow at a robust pace in the three months to September, preliminary data from the statistics ministry showed Thursday. Gross domestic product grew 7.6 percent year-on-year following a 7.8 percent increase in the June quarter. Economists had forecast 6.8 percent expansion.
RTTNews | 11 days ago
India's central bank left its benchmark interest rate unchanged for the fourth straight session on Friday but cited high inflation as a major risk to stability and sustainable growth and raised the possibility of open market bond sales to absorb excess liquidity. The Monetary Policy Committee of the Reserve Bank of India unanimously decided to hold the policy repo rate at 6.50 percent.
RTTNews | 66 days ago