Tag: crr

MUMBAI: India’s central bank will likely keep its key interest rate unchanged Friday, maintaining its focus on inflation as oil prices surge and the Federal Reserve’s tightening puts pressure on the rupee. All 38 economists in a Bloomberg survey expect the Reserve Bank of India’s six-member monetary policy committee to keep the repurchase rate unchanged at 6.5% for a fourth straight time. Economists including from Citigroup Inc, Goldman Sachs Group Inc and others predict the RBI will maintain a hawkish policy stance of “withdrawal of accommodation.”Inflation remains well...