Seeking Alpha

Indian central bank keeps rates on hold

  • As expected, the Reserve Bank of India (RBI) has kept its benchmark repurchase rate at 8% and its cash-reserve ratio at 4%. The latter is closely watched and determines how much capital reserves banks should keep.
  • The decision follows a fall in inflation and is the last before India starts a month-long general-election process on Sunday.
  • The Sensex is -0.1%, while the USD-INR is -0.1% at 60.060 rupees. (PR)
  • ETFs: EPI, INDY, SCIF, PIN, INP, INDL, ICN, INR, INDA, INXX, SCIN, INCO, SMIN
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