WordPress database error: [Disk full (/tmp/#sql_25c8_1.MAI); waiting for someone to free some space... (errno: 28 "No space left on device")]
SHOW FULL COLUMNS FROM `gfnews_options`

WordPress database error: [Disk full (/tmp/#sql_25c8_1.MAI); waiting for someone to free some space... (errno: 28 "No space left on device")]
SELECT t.*, tt.*, tr.object_id FROM gfnews_terms AS t INNER JOIN gfnews_term_taxonomy AS tt ON t.term_id = tt.term_id INNER JOIN gfnews_term_relationships AS tr ON tr.term_taxonomy_id = tt.term_taxonomy_id WHERE tt.taxonomy IN ('category', 'post_tag', 'post_format', 'yst_prominent_words') AND tr.object_id IN (275203) ORDER BY t.name ASC

India central bank keeps rates on hold despite economy fears - News - Gulflance

WordPress database error: [Disk full (/tmp/#sql_25c8_1.MAI); waiting for someone to free some space... (errno: 28 "No space left on device")]
SHOW FULL COLUMNS FROM `gfnews_options`

WordPress database error: [Disk full (/tmp/#sql_25c8_1.MAI); waiting for someone to free some space... (errno: 28 "No space left on device")]
SHOW FULL COLUMNS FROM `gfnews_options`

WordPress database error: [Disk full (/tmp/#sql_25c8_1.MAI); waiting for someone to free some space... (errno: 28 "No space left on device")]
SHOW FULL COLUMNS FROM `gfnews_options`

WordPress database error: [Disk full (/tmp/#sql_25c8_1.MAI); waiting for someone to free some space... (errno: 28 "No space left on device")]
SHOW FULL COLUMNS FROM `gfnews_options`

WordPress database error: [Disk full (/tmp/#sql_25c8_1.MAI); waiting for someone to free some space... (errno: 28 "No space left on device")]
SHOW FULL COLUMNS FROM `gfnews_options`

16.2 C
Kuwait City
January 24, 2021
Gulflance
Home » India central bank keeps rates on hold despite economy fears – News
Uncategorized

India central bank keeps rates on hold despite economy fears – News

Source link


The committee voted to hold the key repo rate at 5.15% while the reverse repo rate was also held at 4.90%.

The Reserve Bank of India kept its key lending rate on hold in a surprise decision on Thursday, despite a worrying slowdown in the country that prompted the central bank to sharply reduce its economic growth forecast to 5 per cent for the year through March.

The six-member monetary policy committee (MPC) unanimously voted to hold the key repo rate at 5.15 per cent while the reverse repo rate was also held at 4.90 per cent.

The RBI reiterated that it would maintain an accommodative stance as long as it is necessary to revive economic growth which slowed to 4.5 per cent in the September quarter from 7 per cent a year ago, to stand at its lowest in more than six years.

“The MPC recognises that there is monetary policy space for future action. However, given the evolving growth-inflation dynamics, the MPC felt it appropriate to take a pause at this juncture,” the committee said in a statement.

A Reuters poll of 70 economists had predicted the RBI would cut its repo rate by 25 bps and then by another 15 bps in the second quarter of 2020, where it will stay at least until 2021.

 





Click here to read more news from @khaleejtimes

WordPress database error: [Disk full (/tmp/#sql_25c8_1.MAI); waiting for someone to free some space... (errno: 28 "No space left on device")]
SHOW FULL COLUMNS FROM `gfnews_postmeta`

WordPress database error: [Disk full (/tmp/#sql_25c8_1.MAI); waiting for someone to free some space... (errno: 28 "No space left on device")]
SHOW FULL COLUMNS FROM `gfnews_postmeta`

WordPress database error: [Disk full (/tmp/#sql_25c8_1.MAI); waiting for someone to free some space... (errno: 28 "No space left on device")]
SHOW FULL COLUMNS FROM `gfnews_postmeta`

WordPress database error: [Disk full (/tmp/#sql_25c8_1.MAI); waiting for someone to free some space... (errno: 28 "No space left on device")]
SHOW FULL COLUMNS FROM `gfnews_postmeta`

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Please spend a minute

Gulflance Poll

Which is worst social media?
Vote Now
close-link

You're currently offline