India's central bank holds rates amid rising inflation

Credit: REUTERS/Anushree Fadnavis

MUMBAI, Aug 6 (Reuters) - India's central bank kept interest rates on hold on Thursday, amid a recent rise in retail consumer prices and said it would ensure inflation remains within target going forward.

The repo rate INREPO=ECI currently stands at 4.0% and the reverse repo rate INRREP=ECI at 3.35%.

Two-thirds of analysts in a Reuters poll had predicted a 25 basis point cut in the repo rate while the rest saw no change.

The Reserve Bank of India has already reduced the repo rate by a total of 115 basis points since February, on top of the 135 basis points in an easing cycle last year, from 6.50%.

(Reporting by Swati Bhat; Editing by Shri Navaratnam)

((;; +91-22-68414381; Reuters Messaging:

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


More Related Articles

Info icon

This data feed is not available at this time.

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.