RBI Likely To Keep Policy Rates On Hold, Say Analysts RBI Likely To Keep Policy Rates On Hold, Say Analysts Retail inflation eased in November after holding above 7% for two straight months, but remained beyond the RBI s upper bound of the 2-6% target.
Updated: December 14, 2020 7:24 pm IST
Retail inflation eased in November after holding above 7 per cent for two straight months, but remained beyond the upper bound of the 2-6 per cent target, meaning the central bank is likely to leave policy rates on hold to support the economy, analysts said.
November s annual retail inflation was 6.93 per cent, lower than the 7.1 per cent forecast in a Reuters poll of economists and down from 7.61 per cent in October, government data showed on Monday.