The Reserve Bank of India (RBI) kept the repo rate unchanged at 6 per cent as inflation worries remained as food prices and fuel prices have are rising. The central bank also revised as the inflation projections to 4.8 per cent from 4.7 per cent by March 2018. RBI said the risks to inflation may remain in the near term putting an end to rate cut hope for now as food prices remained erratic. Milk and eggs inflation has shown an uptick, while pulses inflation remained negative for the eleventh successive month in October. Farm and industrial raw material costs also rose in October to force RBI to remain hawkish.

Source: dna December 06, 2017 10:29 UTC