RBI to maintain rates, real estate sector to be disappointed ...Middle East

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RBI to maintain rates, real estate sector to be disappointed
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Chennai: Only an unforeseen and sustained increase in inflation may compel the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) to revise upwards the repo rate, said the Chief Economist at Anand Rathi Shares and Stock Brokers. He also added that not in the near future the MPC will reduce the repo rate from the current 6.5 per cent. Repo rate is the rate at which the RBI lends to the commercial banks. This rate is used by the RBI as a financial instrument to control inflation. The MPC will meet early next month. “Unless there is an unforeseen and sustained increase in inflation, it appears that the RBI has completed its monetary policy tightening for the present cycle. Neverthel

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