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RBI Monetary Policy Committee: RBI Governor Shaktikanta Das said that the MPC remained resolute on containing inflation at a target of 4%. This is the sixth consecutive unchanged decision and comes after the Interim Budget was announced on February 1, 2024. ....
I have argued for quite some time now that while there is urgency for bringing inflation below the upper tolerance band, we can be more patient when it comes to gliding inflation to the target. A more rapid pace of reduction could impose an intolerable growth sacrifice. We should be willing to accept inflation between 4% and 5% for several quarters as the price of avoiding a growth shock, said RBI s monetary policy committee member Jayanth R Varma. ....
I have argued for quite some time now that while there is urgency for bringing inflation below the upper tolerance band, we can be more patient when it comes to gliding inflation to the target. A more rapid pace of reduction could impose an intolerable growth sacrifice. We should be willing to accept inflation between 4% and 5% for several quarters as the price of avoiding a growth shock, said RBI s monetary policy committee member Jayanth R Varma. ....
Markets at historic highs ahead of RBI policy; Sensex tops 51k, Nifty 50 clocks 15k; Bank outperforms; SBI climbs 10% Sensex has touched a new all-time high of 51031.39 and Nifty 50 was at a new lifetime high of 15,005.95. February 05, 2021 9:30 IST | India Infoline News Service Markets are at new historic highs! The benchmarks Sensex and Nifty traded near fresh record highs during Friday s opening bell ahead of India s last and sixth bi-monthly monetary policy for fiscal FY21. The Reserve Bank of India (RBI) governor Shaktikanta Das along with monetary policy committee (MPC) will be announcing the monetary policy later today. Investors keenly eye the policy decisions as it comes after the Union Bud ....