RBI Meeting Wrap-Up: Interest Rates Likely to Stay Steady Until December
A major concern right now is inflation, especially since food prices are at 5.65%.
Experts believe the RBI probably won't change interest rates until at least December.
The Reserve Bank of India (RBI) is finishing up its three-day meeting today and will announce its decision on interest rates afterward.
A major concern right now is inflation, especially since food prices are at 5.65%. Overall inflation was 3.65% in August, which is still within the RBI's target range.
However, rising oil prices are raising more worries about inflation, and these increases are linked to global issues.
Experts believe the RBI probably won't change interest rates until at least December. They think the RBI may take a more "neutral" stance going forward.
However, no rate changes are expected at this time. The outcome of this meeting will be important for future economic plans.
This is especially true with all the uncertainties happening in the world.
Governor Shaktikanta Das is expected to share details about the RBI's choices. He will also explain what they plan to do next.
