
MPC minutes: Members divided on India's economic growth
Monetary Policy Committee's external members cautioned about early signs of a slowdown.
Monetary Policy Committee's external members cautioned about early signs of a slowdown.
Monetary policy should not be conducted by looking at the rear view mirror, says Varma.
The very purpose of MPC is defeated if it handles policy interest rate without sound evidence and reasoning or gets influenced.
India's economic activity remains resilient, says RBI governor Shaktikanta Das.
The decision to pause is for this meet only, says RBI governor Shaktikanta Das.
CREDAI has urged the RBI to not increase the repo rate any further.
According to SBI, the stance could continue to be withdrawal of accommodation, even as liquidity is now in deficit mode.
"We need to give time for our past policy actions to work through the system," says RBI governor Shaktikanta Das.
The 25 basis point rate hike approved by the majority of the MPC is not warranted in the current context of diminished inflationary expectations and heightened growth concerns, says Jayanth Varma.
As per the RBI data, between the April and October period this year, the foreign direct investment (FDI) flows stood at $22.7 billion as against $21.3 billion in the same period last year.