Key Points
New Delhi: The Monetary Policy Committee of the Reserve Bank of India (RBI) has decided to keep its policy rate unchanged at 6.5 percent, marking the tenth consecutive policy where the rate has remained the same..
This change signals the possibility of future rate cuts, potentially as early as December, depending on inflation trends and global economic conditions...
During his address Wednesday, RBI Governor Shaktikanta Das cited risks from volatile weather patterns, geopolitical tensions, and high crude oil prices, and emphasised that while inflation has moderated, there is no time for complacency...
The MPC considered it appropriate to change the stance to neutral and to remain unambiguously focused on a durable alignment of inflation with the target, while supporting growth, Das said during his address.. The MPC of the RBI adopted a neutral stance, but kept the policy rate unchanged..
The RBI retained its growth projection for financial year 2024-25 at 7.2 percent, with Das voicing his confidence in Indias economic resilience..
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