Monday , 25 November 2024
Home Forex India cenbank keeps rates steady at 6.50%, shifts to ‘neutral’ stance
Forex

India cenbank keeps rates steady at 6.50%, shifts to ‘neutral’ stance

India cenbank holds rates at 6.50%, shifts stance to ‘neutral,’ signaling potential rate cuts

Full Story on PiQ

The Reserve Bank of India (RBI) kept its key interest rate unchanged at 6.50% but shifted its stance to “neutral,” signaling the possibility of rate cuts in the near future. T

his marks a shift from the previous “withdrawal of accommodation” stance as early signs of economic slowdown begin to surface.

The central bank remains focused on controlling inflation, which has stayed below its 4% target for two consecutive months.

Meanwhile, India’s benchmark bond yields dropped, and the Nifty 50 and Sensex indexes edged higher following the decision.

This article was written by Ryan Paisey at www.forexlive.com.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

BOE’s Dhingra: UK no longer looks like an outlier for inflation among advanced economies

Recent CPI outturns show no asymmetry in inflation unwindingFall in services PPI...

BOE’s Lombardelli: We remain focused more on services prices and wages

We should not focus too much on one set of data (regarding...

Crude Oil Technical Analysis – We are approaching the top of the range

Fundamental OverviewCrude oil remains confined in a range between the 72.00 resistance...

USD/CAD refreshes daily high on sliding Oil prices; remains below 1.4000 amid weaker USD

The USD/CAD pair attracts some dip-buying near the 1.3925 area, or a...