Editor
The six-member monetary policy committee (MPC) of the Reserve Bank of India (RBI) on Thursday unanimously decided to keep the policy repo rate unchanged at 6.5 per cent but declined to concede that the rate cycle had peaked.
The move is a surprise because the markets were expecting another 25-basis point rate hike since the inflation rate based on the consumer price index in January and February was above 6 per cent, the higher end of…
