RBI likely to stay with interest rate pause

The RBI is expected to announce a continuation of its pause on interest rates after the bi-monthly review meeting of the monetary policy committee (MPC) scheduled for December 8. Analysts predict a fifth consecutive pause by the MPC because of stronger-than-expected economic growth numbers. RBI will likely maintain a cautious stance, accompanied by hawkish rhetoric. RBI is also expected to announce development measures in its policy for promoting the use of central bank digital currency (CBDC).

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