RBI MPC Keeps Repo Rate Unchanged At 6.5%; Status Quo Fifth Time In A Row; This is the fifth time in a row that the central bank has paused the repo rate
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.
RBI MPC Meeting: For those waiting for a rate cut, there may not be immediate good news. It is likely that the MPC is likely to continue a pause mode till the first quarter of the next financial year to take a relook at the rate approach.
RBI MPC meeting: In the short term, Bank Nifty may encounter volatility; a breakout above 47,200 could propel the index towards 48,000. On the downside, support is positioned at 46,800.
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) kept the repo rate unchanged at 6.5 per cent and maintained the policy stance of withdrawal of accommodation on Friday, December 8.