RBI Governor Shaktikanta Das also stressed on the need to remain vigilant on food prices, given the forecast of higher temperatures between April-June. He also said that the impact of reduction in fuel prices on inflation will deepen in the coming months.
As this is the first meeting of a new financial year and with elections around the corner, the chances of rate or stance changes are unlikely. If there is any indication of a change in stance, it could also be an indication of rate cuts down the line
The RBI-led MPC kept the repo rate steady at 6.5 per cent for the seventh time, confirmed RBI governor Shaktikanta Das. The committee also maintained its withdrawal of accommodation stance while concentrating on liquidity management to control inflation.
The RBI-led MPC kept the repo rate steady at 6.5 per cent for the seventh time, confirmed RBI governor Shaktikanta Das. The committee also maintained its withdrawal of accommodation stance while concentrating on liquidity management to control inflation.