RBI Wary On Inflation, Set To Keep Rates On Hold

The Reserve Bank of India looks set to keep its policy rate on hold on Wednesday, after inflation accelerated to a seven-month high and stronger economic growth reduced the need for monetary stimulus. 
All but two of 54 analysts in a Reuters Poll said the repo rate would be left at 6.00 per cent, the lowest since November 2010. 
On Wednesday, after a two-day meeting, the RBI is likely to reiterate concern about inflation, as the annual rate increased to 3.58 per cent in October. That's low by Indian standards, but not far from the central bank's 4 per cent target. For Any More Information Please Visit : www.paceresearchindia.com and Call : 8817774774