MPC Continues Hawkish View Keeps Repo Rate Constant Projects CPI At 5 4 - BW Businessworld businessworld.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessworld.in Daily Mail and Mail on Sunday newspapers.
Even as the Reserve Bank of India's (RBI) Monetary Policy Committee has not changed the repo rate from 6.5 per cent, a rate reduction may take even 12 months for that to happen, said experts.The repo rate is the rate at which the RBI lendsto .
The production of all eight core industries cement, coal, crude oil, electricity, fertilizers, natural gas, refinery products and steel recorded positive growth in August over the corresponding month of last year, according to the Ministry of Commerce and Industry, , core sector, core sector growth
According to a poll of 12 experts from brokerages and rating agencies, retail prices of petrol and diesel in India are expected to remain in the current range.