A shock slowdown and calls for lower interest rates may not convince India's policy rate-setters as they meet this week, as the horse of inflation strays out of the central bank's stable.
The Reserve Bank of India's (RBI) monetary policy committee (MPC) is unlikely to change the repo rate at its three-day meeting ending on Friday, a Mint poll of economists and bond market participants showed. The policy rate may remain unchanged at 6.25%, and the policy stance neutral. The committee, however, may be divided on voting for a rate change, the poll showed. At the last policy meeting in October, five members had voted for status quo, and one for a rate cut.
This story is from the December 02, 2024 edition of Hindustan Times.
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This story is from the December 02, 2024 edition of Hindustan Times.
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