Overview:

• The RBI held the benchmark policy Repo rate at 6%. This was expected, in light of recent higher readings for headline and core inflation.
• NAB Economics is forecasting the RBI to remain on hold and maintain the Repo rate at 6%.
• At this juncture, supply-side measures are more likely to benefit the Indian economy than a cut in policy rates

For further details, please see the attached document.

• India Monetary Policy: October 2017 (PDF, 438kb)