RBI keeps repo rate unchanged
Announcing this, RBI Governor Raghuram Rajan, however, affirmed the central bank's commitment to ease it as and when room is available. He said inflation is likely to perform better than expected.
RBI, which is set to achieve its target of getting inflation down at 6 per cent by January and is aiming to reduce the number further to 5 per cent by March 2017, will monitor developments on the commodity prices, including food and oil and external developments in its future policy formulations, Rajan said.
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