MUMBAI -- The Reserve Bank of India stood pat on its key policy rate on Wednesday, extending a pause from August that followed a sharp easing cycle while upgrading its estimate for economic growth and lowering its inflation forecast, signaling considerable space for future monetary action.
Markets
India central bank pauses amid prospects of higher growth, lower inflation
RBI's decision comes as markets watch how tax cut may 'play out' in festive season and on
A Reuters poll of 61 economists conducted before the Reserve Bank of India meeting expected the bank to stand pat on the repo rate for the rest of the year. © Reuters
Read Next
Latest on Markets
