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Reserve Bank of India (RBI) Governor Shaktikanta Das, explaining the decision to maintain policy repo rates, stated that premature policy pivots could undermine the progress achieved so far. MPC member Jayanth Varma argued there is room for monetary easing without risking an inflation spiral, suggesting a rate cut and a shift in stance to neutral.
India s current monetary policy is appropriate with growth holding firm and inflation trending down to the target, Reserve Bank of India Governor Shaktikanta Das said in the minutes of the. -February 22, 2024 at 08:48 am EST
- MarketScreener
A majority of the monetary policy committee’s members aligned with RBI governor Shaktikanta Das in voting for a status-quo on policy rates while continuing efforts to tame inflation