Five numbers that you need to track this week
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All eyes will be on the MPC meeting of the Reserve Bank of India which will determine the policy rate. Figures for manufacturing PMI, auto sales, mutual fund inflows, and subscription numbers for a real estate IPO will be other key metrics to track this week
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In a world dominated by high-frequency data, some numbers still matter more than others. At the start of every week, Mint’s Plain Facts section will now feature five key data releases that you must keep an eye on data that help you make sense of where the economy and markets are headed. From the announcement of policy rate of the Reserve Bank of India (RBI) to mutual fund (MF) flows, this week promises to be a data-rich one.
RBI keeps repo rate unchanged, maintains accommodative stance
Reserve Bank of India Governor Shaktikanta Das said the decision to keep the rates unchanged was taken unanimously, and projected 10.5 per cent GDP growth for 2021-22.
BusinessToday.In | February 5, 2021 | Updated 12:51 IST
The central bank will maintain an accomodative monetary policy stance to support growth and keep inflation at targeted level.
The Reserve Bank of India s Monetary Policy Committee (MPC) on Friday kept repo rate unchanged at 4 per cent for the fourth time in a row, while reverse repo rate was also kept unchanged at 3.35 per cent.
The central bank will maintain an accommodative monetary policy stance, at least through the current financial year and into the next year, to support growth, mitigate the impact of COVID-19 pandemic, and keep inflation at the targeted level, Reserve Bank of India (RBI) Governor Shaktikanta Das said.