RBI holds rate despite stubborn inflation

Reserve Bank of India HQ, Mumbai
Reserve Bank of India HQ, Mumbai

The Reserve Bank of India held its policy rate today (June 8) but policy-makers indicated further tightening could be needed, as inflation remains high.

The monetary policy committee’s unanimous decision kept the key rate at 6.5%. Despite the rate hold, five of the six policy-makers backed a statement that the RBI will “remain focused on withdrawal of accommodation”.

Governor Shaktikanta Das acknowledged that inflation “rules above the target, warranting close monitoring”. He said the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account