RBI to stay on status quo for the rest of 2017: Here's what experts say

The Reserve bank of India (RBI) has determined to maintain the repo rate unchanged at 6 per cent. The six-member monetary policy Committee (MPC), headed by means of Reserve bank of India (RBI) Governor Urjit Patel, announced hobby rate selection on Wednesday at the same time as providing its fourth bi-annual monetary coverage.

Analysts in large part predicted the significant bank to hold the fame quo, but delivered there could be a price reduce later within the monetary year.
next coverage assembly has been scheduled for December 5.
right here's what professionals have to mention:

Tushar Arora, Senior Economist of HDFC financial institution to Sify.com

"No surprises as such. Going strictly with the aid of the optics of headline inflation is unlikely to result in rate cuts. Room to maneuver will simplest come if the MPC chooses to make use of the +/-2 percent bandwidth and indeed looks through a marginal upward push in inflation above the four percentage stage. I trust this may occur later all through the yr as increase numbers hold to marvel on the downside."
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