Low repo rate change expected in upcoming RBI meeting
The RBI's upcoming MPC meeting from 06-08 Apr 2023 is unlikely to change the repo rate, currently at 5.25%. Rising tensions in West Asia and crude oil price surges are key factors influencing this decision.
after close1 source ↓written by the desknot a recommendation
- rate stands
- 5.25%
The Reserve Bank of India's Monetary Policy Committee is set to meet from 06-08 Apr 2023. Current repo rate stands at 5.25%, with no changes anticipated due to rising global tensions and crude oil prices. The ongoing conflict in West Asia has heightened uncertainty, impacting market expectations.
• SBI Research indicates that geopolitical issues may hinder any rate adjustments.
• Previous meeting in February also saw no rate change, reflecting a cautious stance amid global disruptions.
Not investment advice. For informational purposes only.