RBI decision of continuing focus on withdrawal of accommodative stance and keeping repo rate unchanged was in line with IMC expectation considering resilience shown by economy, , reserve bank of india, MPC
In the current interest rate hike cycle, RBI started raising the repo rate from May 2022; since then, it has raised 250 bps in repo rate to 6.50 per cent
The Monetary Policy Committee (MPC) of the Reserve Bank will be meeting for three days on April 3, 5 and 6 to take into account various domestic and global factors before coming out with the first bi-monthly monetary policy for fiscal 2023-24.