Monthly FTM Update - Dec, 2016
- shrikant
- Dec. 30, 2016
To everyone’s surprise, RBI’s new monetary policy committee kept interest rates unchanged at 6.25% despite wide expectations of rate cut. It also lowered the GDP growth estimate to 7.1% from the earlier projection of 7.6%. This move is to keep inflation in check. The RBI cited the dollar’s surge and the increase in the prices of oil and commodities as two factors that could ...
