Reserve Bank Of India Holds Repo Rate At 8.50%

Reserve Bank Of India Holds Repo Rate At 8.50%
The Reserve Bank of India [RBI] reverse repo repo rate 7.50% held its rate 8,50% and Banco, 9.50% rate and proportion of cash (CTR) by reservation of 4.75%. The RBI said: “the recent dynamism of growth of inflation has led the Reserve Bank to indicate that it does not tighten is necessary and that future action will reduce rates.” However, despite the slowdown in growth, inflation risks remain, that the time and extent of future rate actions will affect. ”