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India Kept Its Rates Unchanged For 2018


February, 10 2017
watermark Economic news

The Reserve Bank of India will maintain its interest rates until the second half in 2018 after it has been decided to be at a neutral position. On the contrary, less than one-fifth of the tally from the consensus chose to reduce the rates by the second quarter this year. The last time RBI has adjusted its policy rates lower by 1.75 percentage points over the span of two years since the global financial crisis.


The central bank worries the risks possible inflicted by inflation that has made them shift from dovish to neutral stance regarding its monetary policies. Although, it may not get worse to such extent. Moreover, the rise in global crude oil prices also increased as much as 14 percent since late November has also added pressure to an abrupt shift of RBI regarding inflation concerns.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.