RBI is likely to reiterate its stance of bringing systemic liquidity closer to neutrality on 6 December. Photo: Aniruddha Chowdhury/MintMumbai: The Monetary Policy Committee (MPC), which will be meeting next week, is likely to keep repo rates unchanged at 6% on inflation concerns, says a study. The retail inflation or consumer price index based- inflation inched up to a seven-month high of 3.58% in October from 3.28% in September. Reserve Bank of India (RBI) will announce the policy review on 6 December after two days of MPC meeting beginning 5 December. Additional open market operations also seem unlikely, given the cancellation of the OMO sale scheduled for 23 November, he noted.

Source: Mint December 03, 2017 04:52 UTC