Key Points
Mumbai: Indias monetary policy committee held the key repo rate unchanged for a seventh straight policy meeting on Friday as it expects growth in the economy to remain robust but sees inflation staying above its 4% target...
The repo rate was raised by a total of 250 basis points between May 2022 and February 2023...
Robust growth provides space for monetary policy to remain focused on bringing inflation down to the central banks 4% target, RBI Governor Shaktikanta Das said in his statement...
Monetary policy must remain actively disinflationary at this stage, Das said.. Five out of six members voted in favour of the rate decision while the monetary policy stance of withdrawal of accommodation was retained with a majority of five votes...
Strengthening rural demand, improving employment conditions and a sustained pick up in the manufacturing sector should boost consumer demand, Das said.. Retail inflation for 2024-25 is seen at 4.5%, Das said, with volatile food prices seen as a continuing risk...
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