Commerzbank expects RBI to leave policy rate unchanged at 6.25%

Market news

30 May 2017

Commerzbank expects RBI to leave policy rate unchanged at 6.25%

We believe RBI has been reticent to intervene aggressively in the FX market because any unsterilized intervention (i.e. RBI purchases of USD without issuing bonds to soak up the liquidity injection) will only exacerbate the current excess liquidity situation due to last year's demonetization, Commerzbank commented in its latest research report.

We have a MASSIVE trade deficit with Germany, plus they pay FAR LESS than they should on NATO & military. Very bad for U.S. This will change @realDonaldTrump

Germany May NW state Cpi yy decrease to 1.6 % vs prev 2.1 %

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