Business | NDTV Profit Team | Tuesday August 9, 2016
Reserve Bank Governor Raghuram Rajan is likely to hold the key repo rate steady at 6.5 per cent in his final monetary policy announcement today, according to a majority of economists. Though Dr Rajan loves to surprise markets, the chances of a repo rate cut today are slim as retail inflation is hovering around a two-year high, experts say.
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