The Reserve Bank of India (RBI) will keep interest rates unchanged at its meeting on Thursday and as inflation is below target while borrowing costs are more likely to fall than rise. In February, India's central bank was expected to cut rates but surprised markets by leaving them on hold and changed its stance to neutral from accommodative, ending its longest easing cycle since the global financial crisis.
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The Reserve Bank of India (RBI) will keep interest rates unchanged at its meeting on Thursday and as inflation is below target while borrowing costs are more likely to fall than rise. In February, India's central bank was expected to cut rates but surprised markets by leaving them on hold and changed its stance to neutral from accommodative, ending its longest easing cycle since the global financial crisis.
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