Finance
EnglishRBI holds rates steady while tackling bond market challenges
The Reserve Bank of India is keeping policy rates steady while working on making past rate cuts more effective, thanks to a new trade deal with the US. Most economists expected this decision, but a few think a cut might happen due to low inflation. With GDP growth projected at 7.4%, the RBI is stepping in to support the bond market amidst some challenges.
few days ago | Reuters
Quick rundown
1.India's central bank likely to keep rates unchanged.
2.US-India trade deal reduces need for immediate economic support.
3.RBI has cut rates by 125 basis points since last February.
4.India's GDP growth forecasted at 7.4% this year.
5.RBI focuses on improving transmission of rate cuts.
