According to a SBI report, the RBI is likely to maintain status quo on key lending rate in Wednesday's policy review as it is "stuck in a conundrum" of low growth, mild inflation and global uncertainties.
The Reserve Bank, in its third bi-monthly monetary policy of the fiscal, yesterday had reduced the repo rate after a gap of almost 10 months by 0.25 per cent to 6 per cent. The new repo rate at 6 per cent is the lowest in six-and-a-half years. The last rate cut was effected in October 2016.
In what could give the Reserve Bank of India (RBI) greater room to slash key interest rates, retail inflation softened further to a four-month low of 4.87 per cent in April compared to 5.25 per cent in March. On the other hand, factory output growth slowed to a five-month low of 2.1 per cent in […]