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Need to preserve success on inflation control on durable basis, RBI governor at MPC

India Business News: MUMBAI: The success in controlling inflation has to be preserved and taken forward to achieve a 4 per cent inflation target on a durable basis, RBI Go.

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Conditions not yet in place for any let-up in restrictive monetary stance

Conditions not yet in place for any let-up in restrictive monetary stance
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Business News | High-interest Rates Sacrifice Growth: RBI Monetary Policy Member Varma Favoured Rate Cut

Get latest articles and stories on Business at LatestLY. Noting that that economic growth in 2024-25 is projected to slow by over half a percent relative to 2023-24, Varma said it was a reminder that high interest rates entail a growth sacrifice. Business News | High-interest Rates Sacrifice Growth: RBI Monetary Policy Member Varma Favoured Rate Cut.

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MPC Minutes: Here s what members said on growth, inflation and interest rates

The Monetary Policy Committee of the RBI in April monetary policy kept repo rate unchanged at 6.50 percent for the seventh time in a row with its focus firmly on bringing inflation down.

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India inflation: MPC Minutes: Food inflation risks elevated, conditions not in place for let-up in restrictive policy stance, says RBI Dy Guv Patra

Members of the Reserve Bank of India s Monetary Policy Committee expressed confidence in the current policy stance but remained cautious about factors like food inflation and external contingencies. They emphasized the need to maintain downward pressure on inflation until clearer risks emerge, with concerns about persistently high inflation figures despite recent dips.

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