[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.
SUPREME COURT TO HEAR AADHAAR CASE FOR INTERIM RELIEF NEXT WEEK
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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