Fundamental for 28th January

28th January, 11:00 AM
4)   Indian Interest Rate Decision

Actual:  

Forecast:7.80% 

Previous:7.75% 

Importance:

Currency:

INR

Source Of Report:

Reserve Bank of India

Monetary policy refers to the actions undertaken by a country's monetary authority, central bank or government to achieve certain national economic goals. It is based on the relationship between interest rates at which money can be borrowed and total supply of money. Policy rates are the most important rates within a country's monetary policy. Changing them influences economic growth,inflation, exchange rates and unemployment.
A higher than expected reading should be taken as positive/bullish for the INR , while a lower than expected reading should be taken as negative/bearish for the INR.