The Reserve Bank of India maintained its interest rates unchanged this Tuesday. The thread of inflation has not forced the Central Bank to increase rates to alleviated the pressure. The government and powerful business lobbies are the main groups in agreement with the decision. Analysts are forecasting inflation to be the deciding factor, and they don’t rule out a move before the next meeting of bank officials in January.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.