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Economy

RBI seen holding rates steady as inflation, growth soften

Updated : December 05, 2018 06:44 AM IST

Analysts expect the Reserve Bank of India (RBI) to support an economy that is losing momentum by leaving interest rates unchanged at a policy meeting on Wednesday, when just over a month ago most of them had predicted a hike.
Having resisted any temptation to jack up rates in October when the rupee was sliding to a record low against the dollar, the Reserve Bank of India has been vindicated by the currency's subsequent recovery, and by waning inflationary pressures thanks to falling food and oil prices.
RBI seen holding rates steady as inflation, growth soften
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