The repo rate call was a tough one to take considering that inflation is high and at the upper level of the band
It forecast India's real GDP growth to pick up slightly to 5.4 per cent in 2020-21, from its estimate of 4.9 per cent in the current fiscal.
Since the high cost of funds is holding up lending, if the RBI forcibly reduces bond yields, banks will borrow cheap under LTROs and lend more
While the repo rate remained at 5.15 per cent and the stance "accommodative", the central bank said there would be rate cuts as and when opportunity came
Experts rule out rate cut till April, saying it'll take time for vegetable prices to fall
The MPC underlined the rising consumer price inflation as one of the reasons
Knight FRank India CMD Shishir Baijal said the RBI's decision to not lower interest rate has come "as a surprise and a bit of a disappointment to the industry"
R Sivakumar says the RBI is promising an 'accommodative' stance
Shaktikanta Das likely to initiate required steps in coming weeks
RBI is expected to keep interest rates on hold over the coming months
'Reduction in interest rates by itself does not increase credit flow', says Reddy
The central bank wanted to be surer that inflation will stay subdued: RBI Governor Urjit Patel