New Delhi, Sep 29
The Reserve Bank of India (RBI) is expected to keep the repo rate unchanged at 5.50 per cent in its upcoming Monetary Policy Committee (MPC) meeting, a new report said on Monday.
The central bank had last cut the repo rate by 50 basis points in June, while the August review saw the rate being held steady, according to a report by Bajaj Broking.
The report said the RBI is likely to maintain the current rate as inflation remains low and manageable, but risks to growth are becoming more visible.
India’s consumer price inflation rose slightly to 2.07 per cent in August from 1.61 per cent in July, ending a ten-month streak of moderation.