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RBI policy: Interest rate hikes ruled out, more transparency for borrowers

Wednesday, December 5, 2018, 7:41 PM

In the run-up to todays review by the Monetary Policy Committee (MPC) of the RBI, the question in everybody's mind was that "inflation is benign, so they should maintain rates, but what about future guidance on rates?" In the policy review, MPC not only maintained rates but significantly reduced the inflation projections. The interesting part is on linking bank loans to an external benchmark.