RBI MPC policy live updates: The fact is that the RBI Governor Shaktikanta Das and his colleagues at MPC do not have any room for any major change in the rate approach this time compared with the last policy review in October. That’s because the broader inflation pattern the most watched factor by the MPC hasn’t changed much since then.
The second downward revision in real GDP in six months follows a setback in first-quarter GDP, when the actual GDP of 13.5 per cent was significantly lower than the RBI's estimate of 16.2 percent. Are there any more surprises in store?