RBI MPC April 2023: The Reserve Bank of India (RBI) Monetary Policy Committee (MPC) is expected to go for one more 25 basis points rate increase, in its first bi-monthly monetary policy meeting for financial year 2023-24, in line with the US Federal Reserve, but domestic compulsions may result in a pause after the April interest rate hike. Watch this Business Today Visual Story to know all about what could be the outcome of the first RBI MPC meeting of FY24.
While speaking at the Monetary Policy statement meeting on Friday, Das said India’s external position is quite strong despite high inflation and recession scare in the western countries.