The Reserve Bank of India’s Monetary Policy Committee voted on Friday to keep key rates unchanged and maintained an accommodative stance, Governor Shaktikanta Das announced. With this repurchase rate it remains at 4.0% while the reverse repurchase rate remains at 3.35% The development comes amid signs of recovery in the …
Read More »The fact that the government does not appoint members of the MPC injects more uncertainty into the economy
India’s government injected more uncertainty into the economy this week by failing to act in time to appoint members of the central bank panel that decides interest rates. The Reserve Bank of India postponed its three-day interest rate meeting that was due to start on Tuesday, giving no reason or …
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