
RBI MPC keeps repo rate unchanged for 5th straight time
The MPC decided by a majority of 5 out of 6 members to remain focused on the 'withdrawal of accommodation'.
The MPC decided by a majority of 5 out of 6 members to remain focused on the 'withdrawal of accommodation'.
Shaktikanta Das says the October-December quarter growth now seen at 6.5% up from 6% predicted earlier
Policy meeting expected to see RBI continuing with "withdrawal of accommodation" stance as inflation is unlikely to tread below 5% in the rest of FY24
Retail inflation falls to 7.02% in rural areas from 7.63% in July, while it drops to 6.59% in urban areas from 7.20% in previous month
While transmission from a rate change is generally "instantaneous" in money market, it is not so in bank lending and G-sec market
The MPC maintained the status quo on the key policy rate for the third consecutive time.
The RBI is widely expected to maintain a wait and watch approach and keep the policy repo rate unchanged for the third straight time at 6.5%.
S&P sees the fastest growth at about 6% in India, Vietnam, and the Philippines; forecasts inflation to soften to 5% in FY24
RBI monetary policy committee's stance to remain focused on 'withdrawal of accommodation' is becoming more and more disconnected from reality, says Jayanth R Varma
RBI governor says Indian economy remains resilient and macro-economic fundamentals are strong as rural demand is on recovery