RBI keeps repo rate unchanged at 6.50 per cent
DSIJ Intelligence / 07 Jun 2016
RBI on Tuesday announced the much awaited policy statement and kept the repo rate unchanged at 6.50 per cent. Repo rate, CRR and reverse repo rate all were kept unchanged in Tuesday's policy statement.
RBI on Tuesday announced the much awaited policy statement and kept the repo rate unchanged at 6.50 per cent. Repo rate, CRR and reverse repo rate all were kept unchanged in Tuesday's policy statement.
RBI, however, in its hawkish commentary communicated its concern on the inflation. There is an upward bias to the inflation. The commentary by RBI suggests inflation risks are high and that there is upside risk to it. The current policy statement seems to be highly influenced by the recent inflation data which was higher than expected with food inflation being visibly higher; and the services inflation at 5 percent being sticky.
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