Eye on inflation, RBI likely to keep policy rates unchanged
Inflation has been a nagging concern. RBI had earlier projected consumer price inflation (CPI) at 6.8% for the second quarter and 5.4-4.5% for the second half of fiscal 2021. This is likely to see an upward revision, as per economists
MUMBAI: The Reserve bank of India (RBI) is expected to keep key policy rates unchanged when it next meets on 2-4 December to review monetary policy, as per a Mint survey of ten economists. According to the survey findings, while economic recovery will continue to remain the cornerstone of the central bank’s monetary policy focus for the foreseeable future, high inflation, that has hovered at the 6% mark, will likely outweigh other concerns in the next policy review.