RBI to keep rates on hold in October and next year, but cut the forecast of growth of the

So, say economists in the latest poll by Reuters, 27 Sept

  • poll of 60 economists suggests the RBI will be the key repo rate at 7-year low of 6% in the next week
  • reverse repo rate 5.75% expected to remain on the same period
  • 36/47 economists expect the GDP forecast to be cut again following the disruption caused by the new tax regime introduced on 1 July
  • 30/49 say, there is a chance of inflation exceeding RBI’s 4% of the medium-term objective of this year

In August, despite a neutral policy bias of the RBI cutting key policy rates after the lowering of GDP f/c in June to 7.3% against 7.4% prev

USDINR currently 65.53


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