Wednesday's hawkish and essentially courageous decision underscores that Governor Urjit Patel will largely represent continuity, rather than a break, with the policies and approach of his predecessor, says Richard Iley. The Reserve Bank of India has left its key policy rate unchanged at 6.25%. The decision was largely unexpected by markets but not by BNP Paribas (where I work). We were in a small minority expecting unchanged policy rates. Three factors appear to have been key to the unchanged ... Rediff.com, 2 months ago
The central bank is taking no chances. Despite economic growth likely to be impacted after the note ban, the Reserve Bank of India (RBI) on Wednesday chose to keep its key policy rate unchanged at 6.25 per cent, citing increased global uncertainty besides ...The Financial Chronicle, 2 months ago
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