
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.
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.
"We need to give time for our past policy actions to work through the system," says RBI governor Shaktikanta Das.
Rate-sensitive stocks slipped in red as the central bank raised the repo rate for the sixth time in a row, which is likely to impact consumption and demand for loans.
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.
With the latest rate hike, which was in line with the market expectations, the apex bank has raised the repo rate by over two percentage points in half a year.
India's retail inflation rate jumped to 7.4% in September from 7% in the month of August.