RBI continues holding policy rate at 6.5%

reserve-bank-of-india
Reserve Bank of India building in Mumbai
Nichalp/Wikimedia Commons

The Reserve Bank of India (RBI) kept its policy rate unchanged at 6.5% at its December 6–8 monetary policy meeting, continuing a pause into the new year. The RBI last raised its policy rate last February.

All six members of the RBI’s monetary policy committee voted for the hold. Five of the six agreed to “remain focused on withdrawal of accommodation to ensure that inflation progressively aligns to the target”, with Jayanth Varma dissenting.

Headline inflation was 4.9% in October, well within 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

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

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

.