Decline in bank lending rates unlikely
Prolonged pause for repo rate is on the cards, given the RBI’s focus on inflation management
The new fiscal commenced with the first bi-monthly monetary policy statement for FY2018 from the Reserve Bank of India (RBI), which outlined some risks and the assessment for the new year.While the six-member Monetary Policy Committee (MPC) of the RBI remains upbeat about the economic growth prospects for FY2018, it warned that inflation developments warrant continuous monitoring. Accordingly, the...
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