The Reserve Bank Of India's Policy Rates Are Likely To Remain Unchanged - Dollar Advisory Financial Services

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Thursday 21 December 2017

The Reserve Bank Of India's Policy Rates Are Likely To Remain Unchanged

The Reserve Bank of India's policy rates are likely to remain unchanged in 2018 despite higher inflation, a recovering growth and elevated oil prices, says a Nomura report.

According to the Japanese financial services major, strengthening of the growth recovery could push a few Monetary Policy Committee members towards a "tightening bias".

Minutes of the December 6 policy meeting show that despite upside risks to inflation, most MPC members voted for a pause because of growth concerns, Nomura said.

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