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RBI to keep rates-on hold next month – RTRS poll

Results of the latest Reuters poll of economists conducted on the Reserve Bank of India’s (RBI) next policy move, showed:

The RBI will hold key repo rate at 7-year low of 6% next week

Reverse repo rate of 5.75% expected to remain over same period

36/47 economists expect GDP forecast to be cut again following disruptions caused by new tax system introduced on 1 July

30/49 say there's a chance inflation overshoots RBI 4% mid-term target this year

Reuters poll 60 economists

EUR/USD attempts a tepid rebound to 1.1780

The single currency remains under pressure on Wednesday, now dragging EUR/USD to the lower end of the range in the 1.1780/70 band. EUR/USD attention
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EUR/USD rallies seen struggling near 1.1850 – Commerzbank

In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair’s occasional bullish attempts should find strong resistance in the mi
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