EFTA Document EFTA01459738

Asia: RBI rates decision The Reserve Bank of India (RBI) left interest rates unchanged at its February 2nd meeting while reiterating that its stance remains accommodative and that it would continue to provide ample liquidity to the money market. The RBI also stressed that further rate cuts would be contingent on continued fiscal consolidation and the expected future path of inflation. Although the RBI maintained its 5% inflation target for 2017, it sees some upside risk to inflation.