Economics
India’s RBI May Extend Rate Pause, Revise Outlook: Decision Guide
- Analysts expect benchmark rate to be held unchanged at 4%
- All eyes to be on RBI’s measures to help manage borrowing
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India’s central bank will likely raise its inflation outlook to reflect costlier oil while leaving borrowing costs steady at this week’s meeting.
All economists surveyed by Bloomberg expect the Reserve Bank of India’s six-member monetary policy committee to hold the benchmark repurchase rate at 4% Friday, while just four out of 29 polled as of Thursday morning see a hike in the reverse repurchase rate -- a tool the RBI uses to remove excess cash from lenders.