'RBI to extend rate pause through year-end, likely done hiking'

The Reserve Bank of India is expected to keep interest rates unchanged until the end of the fiscal year, according to a Reuters poll of economists. Despite inflation nearing the top level of the 2-6% tolerance range, a majority of 51 economists predicted the bank would not increase rates; only one-sixth expected a hike of 25 basis points to 6.75% by year-end.

Apr 12, 2023 - 16:30
'RBI to extend rate pause through year-end, likely done hiking'
The Reserve Bank of India is expected to keep interest rates unchanged until the end of the fiscal year, according to a Reuters poll of economists. Despite inflation nearing the top level of the 2-6% tolerance range, a majority of 51 economists predicted the bank would not increase rates; only one-sixth expected a hike of 25 basis points to 6.75% by year-end.