[INDIAN ECONOMIC NEWS] Good morning, everyone. I’m Youngjae Ko representative of Kamaindia Pvt. Ltd.
here i have an important indian economic news to share with you which is as under mentioned.
INDIA DECISION-DAY GUIDE: WATCHING FOR A TURN TOWARD HAWKISH
By Anirban Nag
The Reserve Bank of India will probably hold interest rates at a seven-year-low on Wednesday as growth recovers, while investors will focus on whether inflation has quickened decisively enough to signal future tightening.
The repurchase rate will stay at 6 percent, according to 42 of 48 economists in a Bloomberg survey, with the rest seeing a cut to 5.75 percent. The RBI is expected to retain its growth and inflation forecasts, which indicate price pressures will rise above the 4 percent medium-term target by the end of March.
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