Key Points
Reserve Bank of India Governor Shaktikanta Das-led Monetary Policy Committee (MPC) announced its decision on policy stance, meeting the expectations continuation of the current interest rate...
The rate setting panels meeting was concluded on June 7, 2024 where it decided to keep the repo rate unchanged at 6.5 per cent, continuing the stance of 'withdrawal of accommodation' due to ongoing food inflation concerns and global uncertainties...
The last hike was in February 2023 and since then the central has maintained status quo 7 times in a row...
Deflation in fuel prices is ongoing, food inflation remains elevated; MPC remains vigilant to outside risks to inflation, particularly food inflation as it could delay the path of disinflation.Committed to bring inflation back to target of 4% on a durable basis..
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