Live Breaking News & Updates on Bi Monetary Policy 2024
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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. ....
RBI MPC Meet 2024 Live Updates: Inflation is likely to increase moderately to 5.2 percent year-on-year (YoY) in March when compared to 5.1 percent in February, wrote the analysts. They forecast 5.2 percent headline inflation for Q1CY24, driven by food inflation. The analysts expect the central bank to take comfort from declining core inflation but remain cautious given upside risks to food inflation from weather shocks, and repricing of the Fed funds rate easing path. ....
A year is divided into six bimonthly reviews of the central banks monetary policy. Additionally, there are out-of-cycle reviews, where the central bank holds extra sessions in urgent situations. ....
Less negative will be a very good positive for the market, which is why a lot of people will look at the fine print, said DSP s Investment Strategist Souvik Saha. That will give a very clear indication of what the RBI is actually thinking and what are the probable steps it is planning, he added ....