RBI May Keep Rates Steady - The New Indian Express

RBI May Keep Rates Steady

Published: 17th January 2014 06:00 AM

Last Updated: 17th January 2014 02:00 AM

The Reserve Bank of India could keep interest rates ‘steady’ in its monetary policy review slated for January 28. New rates, a SBI research report said on Wednesday  are likely in the next financial year.

As inflation is creeping towards the comfort zone, the industry is hopeful of a rate cut which could help restart the stagnant growth process.

With inflation easing, industry has been clamouring for a reduction in interest rates. However, according to SBI, the central bank may keep rates on hold at its quarterly monetary policy scheduled on January 28.

Wholesale inflation declined to a five-month low of 6.16 per cent in December as food article prices cooled, according to data released on Wednesday.

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