Reply to thread

Message: [QUOTE="Munyaradzi Mafaro, post: 62213, member: 636"] The Reserve Bank of India will maintain its benchmark lending rate at 5.50 percent during the forthcoming policy review, according to Bajaj Broking analysts. The central bank reduced borrowing costs by 50 basis points in June, but kept them steady at the August meeting. Consumer prices rose to 2.07 percent during August from 1.61 percent the previous month, driven by higher food costs. The inflation rate remains well below the four percent target. Economic output surged 7.8 percent year-over-year through June, surpassing forecasts on strong government spending. Private investment remains weak, and global trade tensions threaten future performance. Policymakers lowered reserve requirements in September to enhance lending capacity. Authorities will likely balance economic growth with price stability. [/QUOTE]