The Reserve Bank of India (RBI) is expected to retain its growth and inflation forecasts, which indicate price pressures will rise above the 4% medium-term target by the end of March. The repurchase rate will stay at 6%, according to 42 of 48 economists in a Bloomberg survey, with the rest seeing a cut to 5.75%. The RBI is expected to retain its growth and inflation forecasts, which indicate price pressures will rise above the 4% medium-term target by the end of March. The RBI has mopped up Rs90,000 crore through open market bond sales between July and November, on top of debt sold by federal and state governments. That has led State Bank of India and the Punjab National Bank—large state-run lenders—to raise rates on bulk deposits.

Source: Mint December 06, 2017 03:11 UTC