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The MPC, which will detail its next policy statement at the end of its three-day meeting on December 8, is seen keeping the repo rate unchanged at 6.50% while retaining its stance of withdrawal of accommodation, an ET poll of 10 economists showed. After raising the repo rate by 250 basis points (2.5 percentage points) from May 2022 to February 2023, the committee has maintained a pause on the benchmark rate, which is the rate at which the RBI lends to banks. ....
BENGALURU (Reuters) - The Reserve Bank of India will raise its main interest rate by 25 basis points on April 6 and then pause for the rest of the year, according to a Reuters poll of economists who said the central bank would still maintain its tightening stance. | 10:26pm ....
Inflation in India remains above the RBI's upper tolerance limit of 6%, reaching 6.52% in January and easing only slightly to 6.44% in February, a key reason for the RBI to hike again. ....
Inflation in Asia s third-largest economy remains above the central bank s upper tolerance limit of 6.00%, reaching 6.52% in January and easing only slightly to 6.44% in February, a key reason for the RBI to hike again. ....