indias central bank holds rates at sevenyear low
Last Updated : GMT 09:03:51
Almaghrib Today, almaghrib today
Almaghrib Today, almaghrib today
Last Updated : GMT 09:03:51
Almaghrib Today, almaghrib today

India's central bank holds rates at seven-year low

Almaghrib Today, almaghrib today

Almaghrib Today, almaghrib today India's central bank holds rates at seven-year low

India's central bank holds rates at seven-year low
Mumbai - Al Maghrib Today

India's central bank held interest rates at a seven-year low on Wednesday, citing concerns over inflation and rising oil prices as a reason not to make a further cut.

The Reserve Bank of India (RBI) said the benchmark repo rate -- the level at which it lends to commercial banks -- would remain unchanged at 6.0 percent.

The decision was in line with analysts' expectations.

The RBI said in a statement the decision was consistent with its objective of keeping inflation at around four percent, noting that consumer price inflation hit a seven-month high recently.

Consumer prices rose to 3.58 percent in October from a year earlier, according to official data.

"There is a risk that this upward trajectory may continue in the near-term," the RBI said, predicting that inflation would be in the range of 4.3-4.7 per cent for the third and fourth quarters of this year.

It said food prices had been volatile recently and increases in international crude oil prices were likely to continue in the near future.

Official data last week showed that India's economy had picked up in the second quarter, rebounding from a slump that had dragged growth to three-year lows.

The figures showed that GDP accelerated to 6.3 percent in the three months to September after five quarters of slowing growth stretching back to early 2016.

The data showed that the economy had emerged from a downturn largely blamed on a shock cash ban that withdrew most of India's high-value banknotes from circulation, and the launch of a new nationwide goods and services tax.

The RBI in August cut the main interest rate by 25 basis points to 6.0 per cent, the lowest level since September 2010.

Source: AFP

almaghribtoday
almaghribtoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

indias central bank holds rates at sevenyear low indias central bank holds rates at sevenyear low

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

indias central bank holds rates at sevenyear low indias central bank holds rates at sevenyear low

 



Almaghrib Today, almaghrib today Skincare PR Performance Full Year 2017

GMT 09:22 2018 Monday ,22 January

Skincare PR Performance Full Year 2017
Almaghrib Today, almaghrib today New hunt for flight MH370 gets under way

GMT 11:03 2018 Wednesday ,24 January

New hunt for flight MH370 gets under way
Almaghrib Today, almaghrib today Modern colorful bedroom renovation

GMT 10:57 2017 Thursday ,21 December

Modern colorful bedroom renovation
Almaghrib Today, almaghrib today Puigdemont candidate for Catalan president

GMT 13:56 2018 Tuesday ,23 January

Puigdemont candidate for Catalan president
Almaghrib Today, almaghrib today Turkey detains dozens more

GMT 10:47 2018 Wednesday ,24 January

Turkey detains dozens more
Almaghrib Today, almaghrib today The Rake announces editorial updates

GMT 10:46 2018 Tuesday ,16 January

The Rake announces editorial updates
Almaghrib Today, almaghrib today Europe brings on charm and blue skies

GMT 11:51 2018 Tuesday ,23 January

Europe brings on charm and blue skies
Almaghrib Today, almaghrib today For the Variety of Interior Design Styles

GMT 10:46 2017 Tuesday ,19 December

For the Variety of Interior Design Styles
Almaghrib Today, almaghrib today US Christian tourists see deep meaning

GMT 13:44 2018 Monday ,22 January

US Christian tourists see deep meaning
Almaghrib Today, almaghrib today Amazon to open first cashierless shop

GMT 10:03 2018 Tuesday ,23 January

Amazon to open first cashierless shop

GMT 10:14 2018 Wednesday ,24 January

Trump angers China, South Korea with new trade tariffs

GMT 11:03 2018 Wednesday ,24 January

New hunt for flight MH370 gets under way

GMT 13:33 2018 Thursday ,18 January

Sudan holds communist leader

GMT 08:45 2011 Tuesday ,13 September

Tata to halt production at Trostre works for week

GMT 11:16 2017 Thursday ,13 April

Chinese President Meets Norwegian Prime Minister

GMT 13:03 2017 Tuesday ,22 August

Rooney's renaissance at Everton has media purring

GMT 18:07 2017 Wednesday ,21 June

UAE Crown Prince met with French President in Paris

GMT 19:52 2017 Saturday ,14 October

Trump kicks fate of Iran nuclear deal to Congress

GMT 12:21 2017 Monday ,17 April

Farouk Al-Fishawi praises Suheir Ramzi

GMT 22:37 2015 Sunday ,22 February

Bahrain Defence Force chief attends IDEX 2015

GMT 09:56 2018 Tuesday ,23 January

Washington chooses Syria as its battleground

GMT 18:19 2017 Thursday ,14 September

US Olympians celebrate LA 2028 'now it's real'

GMT 14:15 2011 Saturday ,06 August

Orient brings back Rose

GMT 12:47 2018 Friday ,12 January

Julian Assange: WikiLeaks' fugitive anti-hero

GMT 11:19 2013 Saturday ,09 November

Beautiful bedroom curtains

GMT 09:01 2014 Friday ,18 April

Egypt pulls Lebanese star\'s movie

GMT 19:08 2017 Sunday ,17 December

Britain, China speed up bid to link stock markets
Almaghrib Today, almaghrib today
 
 Almaghrib Today Facebook,almaghrib today facebook  Almaghrib Today Twitter,almaghrib today twitter Almaghrib Today Rss,almaghrib today rss  Almaghrib Today Youtube,almaghrib today youtube  Almaghrib Today Youtube,almaghrib today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

.almaghribtoday .almaghribtoday .almaghribtoday .almaghribtoday
almaghribtoday almaghribtoday almaghribtoday
almaghribtoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
almaghribtoday, Almaghribtoday, Almaghribtoday