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Aug 28, 2015
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As inflation projection remains high, RBI may hold repo rate
The Reserve Bank of India may continue to hold its policy repo rate steady, going by its annual report for 2014-15.
Reason: Inflation projections for January 2016 (as of early August 2015) are still at the upper limits of its inflation objective of 6 per cent.The RBI had left the policy repo rate (the interest rate at which it provides short-term liquidity to banks) unchanged at 7.25 per cent in the third bi-monthly policy review on August 4. The next policy review is due on September 29.
Source -
http://www.thehindubusinessline.com
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