India central bank holds rates as Mideast crisis fans growth, inflation risks - Reuters
India central bank holds rates as Mideast crisis fans growth, inflation risks Reuters
Coverage by Political Leaning
See how different sides of the spectrum reported this story
Notable Quotes
"Given the uncertainty around crude oil prices and geopolitical developments, the RBI is likely to remain on pause in the April policy and closely monitor incoming inflation data before taking any further action."
— Aditi Nayar , Executive
"India is not unscathed from the current crisis and is feeling the mercury rising. Rupee is already hovering above 93 per dollar, and crude oil is adamant above USD 100 per barrel, resulting in a jump in imported inflation across states."
— Soumya Kanti Ghosh , Executive
"Under the base case scenario where inflation remains close to the MPC’s target, the central bank may look through the supply shock and keep rates unchanged."
— Dipti Deshpande , Academic
"We do not expect any change in repo rate or stance this time. The tone will be cautious, and what will be eagerly awaited is the RBI's forecast of GDP and inflation under the prevailing uncertainty."
— Madan Sabnavis , Academic
"A rate move based on short-term developments may not be prudent given ongoing volatility in global commodity markets."
— Sakshi Gupta , Academic
"US will help with traffic buildup in Strait of Hormuz"
— Donald Trump , Politician
"We do not expect any change in repo rate or stance this time."
— Madan Sabnavis , Academic
Key People
Chief Economist at ICRA.
Principal Economist at Crisil.
Former president of the United States known for his aggressive economic policies.
Chief Economist at Bank of Baroda.
Principal Economist at HDFC Bank.
Chief Economist at SBI.
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<a href="https://news.google.com/rss/articles/CBMisgFBVV95cUxPN05oX2NrVzBKZWNEQkhLeU5yYlhhOTJoOTYwY3FPd0VpZWx5LWFpaExCc2ozYXI3S2NMSW9XT3U5TU9VTU1hS2JIMkRfZGdUVUlKSkNZc3VtUG0ycm5TUGVRWGtKcTFMV193ejI0YWNhN1BYa0NfeHVvelJVcFNBR3dDUVNUalZTcmFOOS01ZFlGRmVIRXd6enRYU056dElMQ1lfSFNkVHIxSGF4QXFIcG5B?oc=5" target="_blank">India central bank holds rates as Mideast crisis fans growth, inflation risks</a> <font color="#6f6f6f">Reuters</font>
The Reserve Bank of India kept its key policy rate unchanged at 5.25% amid uncertainties from the Iran conflict, awaiting clearer evidence of its impact on the economy.
Economists expect the Reserve Bank of India to maintain the benchmark repo rate at 5.25% in its April monetary policy review, citing rising inflation risks linked to the Middle East crisis.
The Reserve Bank of India is expected to keep interest rates unchanged as it grapples with a sharply weaker rupee amid the West Asia conflict, balancing economic growth and currency stability.
The Reserve Bank of India maintained its benchmark rate at 5.25%, highlighting potential risks to the economy from disruptions caused by the Middle East conflict.
The Reserve Bank of India is expected to maintain the benchmark repo rate at 5.25% amid rising inflation risks and external uncertainties from the Iran conflict.
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