RBI MPC maintains status quo on the repo rate at 6.5% in line with expectation. India’s Central Bank is in sync with the world central banks such as the US Fed, Bank of England, ECB and PBOC in keeping its interest rates unchanged. There were no new surprises from the MPC as inflation continues to get closer to target levels and our economy continues to grow at 7% or higher for the 3rd successive year. India stands strong like a rock amongst other economies and our expectation is that interest rates will start pivoting sometime around the last quarter of this calendar year.
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