RBI may wait for a few more months to raise interest rates, says survey

Faced with relatively low inflation amid a global surge, the Reserve Bank of India will still wait at least a few more months before it joins other central banks in raising interest rates following the pandemic, a Reuters poll found.

Among the hardest-hit emerging economies from shutdowns and disruptions to business by COVID-19, India has only recently begun to recover much of its lost ground and New Delhi's latest budget was modestly stimulative compared with expectations.

Indeed, the RBI has been notably dovish, having kept its key repo rate at a record low of 4.00% for nearly two years.
 

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