RBI to make no change in rates
Posted on: 06/Sep/2014 5:34:36 PM
According to reports from Bank of America Merrill Lunch, the Reserve Bank of India may hold the key interest rate during the policy review meeting scheduled to be conducted later this month. And, it is likely that the rates will be lowered from February.
Furthermore, it is noted that inflation based on consumer price index is peaking off and may reach 7.5 to 8 per cent in the month of September.
