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.
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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