RBI MPC meeting live updates: India’s central bank left its benchmark interest rate unchanged for a sixth straight meeting Thursday and retained its hawkish policy stance, signaling rates will stay higher for longer.
Five of the six members of the Monetary Policy Committee voted to keep the benchmark repurchase rate at 6.5%. The panel also decided to retain its policy stance at “withdrawal of accommodation.”
Bargain-hunting and value-buying is likely as investors will be selective after the record rally in recent months, Prashanth Tapse of Mehta Equities Ltd has said