India's central bank, the Reserve Bank of India (RBI), has decided to maintain its key policy interest rate at 6.5%. This decision comes as the country experiences strong economic growth and a state election victory for Prime Minister Narendra Modi. The RBI's focus on inflation and the uncertain outlook for inflation have led to the decision to keep the key rate unchanged. Traders are speculating that the central bank may refrain from bond sales in the coming months, as indicated by the reduced need to deploy this tool. Additionally, Indian households are expecting inflation to rise in the next few months, with food prices being a key factor, according to an RBI survey. The Indian rupee is expected to face challenges due to weak risk sentiment, which is boosting the safe-haven dollar. The US jobs data is seen as crucial for the Indian rupee compared to the RBI's policy decision.
Indian households expect inflation to climb in the next few months, with food prices key, according to a Reserve Bank of India survey https://t.co/1oLkl8lMAy
Indian households expect inflation to climb in the next few months, with food prices key, according to a Reserve Bank of India survey https://t.co/5cNeevufTQ
Indian households expect inflation to climb in the next few months, with food prices key, according to a Reserve Bank of India survey https://t.co/yNQKDSMW2d
Traders in India are betting the central bank may refrain from doing bond sales in the coming months after the monetary authority indicated a reduced need to deploy the tool https://t.co/GAL40LsuKj
Traders in India are betting the central bank may refrain from doing bond sales in the coming months after the monetary authority indicated a reduced need to deploy the tool https://t.co/Nlo11UqDaj
Traders in India are betting the central bank may refrain from doing bond sales in the coming months after the monetary authority indicated a reduced need to deploy the tool https://t.co/NQoNXdXUtw
INSTANT VIEW India cenbank keeps key rate unchanged as focus on inflation remains https://t.co/ngBCsgQfno https://t.co/4tuEiQDsdU
Rupee to keep 'narrow range' ahead of cenbank policy decision https://t.co/nkEp3eCjE3 https://t.co/70UHz0Yysn
💡 India: RBI retains benchmark policy rate at 6.5% - @EmergingMWatch on https://t.co/orvmA6Wqwk Full Story → https://t.co/qKMdLYCShU
US jobs data seen key for Indian rupee compared to RBI policy decision https://t.co/3aGJoxS9lH https://t.co/jJhUfhsMzQ
The Indian central bank's key lending rate was held steady as growth in the world's fastest growing major economy is resilient and the outlook for inflation remains uncertain. More here: https://t.co/rgmaYb2wpZ
The Indian central bank's key lending rate was held steady as growth in the world's fastest growing major economy is resilient and the outlook for inflation remains uncertain https://t.co/WZi3YO3vxf
India keeps key rate unchanged on strong growth, inflation risks https://t.co/c57Z7LBbmx https://t.co/FeDC4ZLVjF
The Reserve Bank of India left its key policy interest rate unchanged as it keeps its focus on inflation https://t.co/gIsl6bQwuh
The Reserve Bank of India left its key policy interest rate unchanged as it keeps its focus on inflation https://t.co/uAmxLo0GaT
India's Nifty 50 hits record high ahead of RBI policy decision https://t.co/eAIUgiIbw5 https://t.co/Ha7nKtEOPx
India’s central bank will likely stick to its hawkish policy stance as strong economic growth and a state election victory for PM Narendra Modi gives policymakers little reason to consider interest rate cuts https://t.co/3hSXlKprjO
India’s central bank will likely stick to its hawkish policy stance as strong economic growth and a state election victory for PM Narendra Modi gives policymakers little reason to consider interest rate cuts https://t.co/ayl6Pyey9E
India rupee to struggle as weak risk boosts safe-haven dollar https://t.co/bNPdTKkHWK https://t.co/IxwO84RfgY