The Reserve Bank of India justified its decision to pause its policy rate action by maintaining the repo rate at 5.15 per cent. This was not in line with the market consensus which expected a 25 bps (one bps is 0.01 per cent) reduction of the benchmark policy repo rate by the central bank. Spike in inflation was one of the main reasons for not doing so.from Personal Finance News-Wealth-Economic Times https://ift.tt/2DSOCQZ
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