Key Points
The Reserve Bank of India on Friday its retail inflation forecast unchanged and sees it averaging 5.4 per cent in the financial year 2023-24..
The central bank decided to keep the policy rate unchanged for the fourth time in a row as it maintains a tight vigil on inflation.S)..
Announcing the bi-monthly monetary policy on Friday, RBI governor Shaktikanta Das said the Monetary Policy Committee (MPC) unanimously decided to keep the repo rate unchanged at 6.5 per cent..
The MPC meeting took place against the backdrop of Consumer Price-based Inflation (CPI) touching 6.83 per cent in August..
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