Economist at UOB Group Lee Sue Ann sees the RBI leaving the monetary status quo unaltered at Thursday’s meeting. Key Quotes “Given that inflation has surpassed RBI’s inflation range of 2-6% (7.35% in December), policymakers could remain reluctant to inject further accommodative measures via rate cuts at this meeting as it may exacerbate the increase in consumer prices in the year ahead. Still, we pencil in one more rate cut (in March) as India’s domestic economy remains weak amidst a soft automobile industry, poor external environment and an uncomfortably high unemployment rate”. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Breaking: ADP smashes expectations with 291K, EUR/USD nears 1.10 FX Street 2 years Economist at UOB Group Lee Sue Ann sees the RBI leaving the monetary status quo unaltered at Thursday’s meeting. Key Quotes “Given that inflation has surpassed RBI’s inflation range of 2-6% (7.35% in December), policymakers could remain reluctant to inject further accommodative measures via rate cuts at this meeting as it may exacerbate the increase in consumer prices in the year ahead. Still, we pencil in one more rate cut (in March) as India’s domestic economy remains weak amidst a soft automobile industry, poor external environment and an uncomfortably high unemployment rate”. Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
