06 Dec 2018

Financial Chronicle | Money Control | Dailyhunt | Equity Bills

Karan Mehrishi, lead economist at Acuité Ratings and Research, said RBI’s decision to hold rates at 6.5 per cent was largely driven by a challenging liquidity scenario and benign domestic inflationary conditions. "Nevertheless, we prefer to maintain an upward bias on our rate outlook since the combined CPI number is artificially deflated by lower food inflation figures. Also, the December 6 Opec meeting will be crucial as the members may consider constricting supplies in view of the falling oil prices.”