Key Points
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) is preparing for its much-awaited policy statement on April 5, 2024, the first announcement for the current financial year...
The MPC is responsible for deciding the nation's monetary policy and influencing borrowing rates..
The committee will consider various economic indicators, including recent inflation trends and growth projections, before deciding on the future course of monetary policy...
In its previous meeting held in February, the MPC unanimously decided to maintain the repo rate at 6.5%, marking the sixth consecutive time the rate remained unchanged..
The February decision was taken with the ongoing inflationary pressures in mind, highlighting the committee's determination to preserve price stability..
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