India's central bank keeps policy rate on hold at 6.75%
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[MUMBAI] India's central bank kept its policy rate on hold at 6.75 per cent on Tuesday, as widely expected, opting to wait until after the government's annual budget statement at the end February to decide on whether to cut interest rates further.
Almost all of the 39 economists polled by Reuters had expected the Reserve Bank of India to keep interest rates on hold on Tuesday.
The central bank cut the repo rate by 125 basis points in 2015, including by a bigger-than-expected 50 bps in September. It held rates at its last meeting in December.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
