Money policy

Money Policy: How economists decoded the vibes & intent of RBI announcements

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Money Policy: How economists decoded the vibes & intent of RBI announcements

The Reserve Bank of India (RBI) held the repo rate — its key lending rate — at a record low of 4% on Friday, while the reverse repo rate — the borrowing rate — was unchanged at 3.35%, as the central bank sought to support Asia’s third-largest economy as it grapples with a second wave … Read more

August CPI inflation at 6.69%: Experts say numbers above RBI target to dampen October rate cut hopes

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August CPI inflation at 6.69%: Experts say numbers above RBI target to dampen October rate cut hopes

India’s retail inflation eased slightly in August as food inflation cooled, but remained above the upper end of RBI medium-term target for the fifth straight month, government data showed on Monday. Retail inflation in August at 6.69% was lower than the 6.85% forecast that analysts had made in a Reuters poll and the 6.73% registered … Read more