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India Business News: NEW DELHI: The Reserve Bank of India will likely keep interest rates unchanged Friday, with chances of an early cut fading after the government warned.
The current repo rate is 6.50%, which was last updated on February 8, 2024. Since then the RBI has decided to keep the rate unchanged.
India's central bank is likely to retain interest rates at 6.50%, emphasizing the balance between growth and stability. With strong economic growth and lower inflation, the bank aims to maintain policy until inflation aligns with the 4% target.
The Reserve Bank of India (RBI) is widely expected to keep rates unchanged on Friday, for the seventh consecutive meeting.
Strong economic growth and moderating inflation means India's central bank will have room to keep interest rates on hold at its review this week and likely until July, economists say. ...