'RBI likely to continue status-quo on short-term lending rate'

Experts predict that the Reserve Bank will continue to maintain the pause on the short-term lending rate in its upcoming monetary policy. The benchmark interest rate has been stable at 6.5% for almost a year. Retail inflation, though within the Reserve Bank's comfort zone, is still high. The retail inflation in the current financial year has declined after touching a peak of 7.44 per cent in July, 2023.

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