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.
India s headline retail inflation rate surged to 5.55 percent in November due to the combination of an unfavourable base effect and a rise in prices of key food items
Das says RBI will manage the liquidity overhang proactively while ensuring that banking system has adequate liquidity to meet the productive requirements of the economy
In a surprise move, in the first bi-monthly monetary policy of FY24, RBI kept the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50%.