RBI to keep rates-on hold next month – RTRS poll

Results of the latest Reuters poll of economists conducted on the Reserve Bank of India’s (RBI) next policy move, showed:

The RBI will hold key repo rate at 7-year low of 6% next week

Reverse repo rate of 5.75% expected to remain over same period

36/47 economists expect GDP forecast to be cut again following disruptions caused by new tax system introduced on 1 July

30/49 say there's a chance inflation overshoots RBI 4% mid-term target this year

Reuters poll 60 economists