The Reserve Bank of India (RBI) which will announce the policy review on 6th December after two days of Monetary Policy Committee (MPC) meeting beginning 5th December, is likely to keep repo rates unchanged at 6 percent with a hawkish stance on inflation concerns.
The retail inflation or consumer price index-based- inflation inched up to a seven-month high of 3.58 percent in October from 3.28 percent in the month of September. The crude oil prices which contribute to rise in inflation is in an upward trajectory for the past few months.
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