The Reserve Bank last hiked the repo rate to 6.5 per cent in February 2023 and since then it has held the rate at the same level in its last six bi-monthly policies.
The Monetary Policy Committee (MPC) may take cues from the central banks of some major economies like the US and UK, which are apparently in wait-and-watch mode on interest rate cuts
Reserve Bank of India | Reserve Bank of India RBI may hold rate yet again to focus on inflation management, say experts telegraphindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from telegraphindia.com Daily Mail and Mail on Sunday newspapers.
RBI expected to maintain key rate in April amid strong GDP growth. MPC to consider global cues. Forecast suggests rate cut unlikely before August 2024, emphasizing inflation targeting.