# Reserve Bank of India keeps rates on hold | snaps | ING THINK

> The RBI's Monetary Policy Committee voted 5-1 to keep the repo rate at 6%, with one member favouring a cut. The committee raised its CPI inflation forecast for the second half of fiscal 2017/18 to 4.3-4.7%, citing food and fuel prices.

- Date: 2017-12-06 · published 2017-12-06T12:00:00.000Z
- Category: macro · region India · magnitude medium
- Page: https://feedsoft.ai/events/67768-reserve-bank-of-india-keeps-rates-on-hold-snaps-ing-think
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Rising inflation with policy on hold points to a firmer rate path, which tends to support the rupee but raises domestic feed and food input costs.

## Read by commodity

- USDINR: neutral

## Sources

- think.ing.com: https://think.ing.com/snaps/reserve-bank-of-india-keeps-rates-on-hold/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.