Reserve Bank of India will hold a press conference on Friday morning after the statement of RBI Governor Shaktikanta Das.
Financial market participants are keeping a close eye on the three-day bi-monthly Monetary Policy Committee (MPC) meeting that began on Wednesday. Economic experts believe that despite retail inflation, RBI will keep the repo rate as before and will not make any changes in it.
The Reserve Bank of India will announce its bi-monthly monetary policy statement on Friday . Financial market participants will keep an eye on this announcement.
There will be a press conference after the statement of RBI Governor Shaktikanta Das on Friday morning. Financial market participants are keeping a close eye on the three-day bi-monthly Monetary Policy Committee (MPC) meeting that began on Wednesday.
RBI may keep repo rate as before: Expert
Economic experts believe that despite retail inflation, RBI will keep the repo rate as before and will not make any changes in it . If this happens, then the sales of houses and cars will continue to increase, because customers are feeling comfortable in purchasing houses at the current interest rates. That is why housing loans account for 76 percent of the retail loans taken in the current financial year.
Retail inflation rate may remain up to 5.5 percent in the current financial year
Sales of vehicles are also increasing continuously and it is believed that there will be further increase in the purchase of houses and vehicles during the festive season. RBI will announce the rates on Friday after the Monetary Policy Committee meeting.
Even in August, RBI did not make any change in the repo rate and kept it at 6.5 percent. Retail inflation rate may remain up to 5.5 percent in the current financial year. August’s retail inflation was 6.8 percent. There is a possibility of a decrease in it in September.
