RBI monetary policy December 2017: Repo rate unchanged as expected; ‘neutral’ stance kept as inflation weighs

Published On: 06, Dec 2017 | Source: financialexpress.com

The Reserve Bank of India kept the repo rate unchanged on Wednesday at 6% in its latest credit and monetary policy review, as was widely expected given the concerns on the rising headline inflation and firm global crude oil prices. The RBI’s 6% repo rate, last revised in August, is lowest in seven years since November 2010. The central bank kept the policy stance neutral.

(Details follow soon)