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Since May last year, the central bank has increased the rate by 250 bps over inflation concerns. This is contrast to what many economists had predicted. ....
Nirmala Sitharaman, the Finance Minister, stated on Thursday that the Reserve Bank of India has taken a good call with its announcement of its bi-monthly policy. ....
Inflation still stays above RBI s upper tolerance limit of 6%. In February 2023, the latest reading of CPI is at 6.44%. .RBI has factored inflation downward at 5.2% for the fiscal year FY24, while GDP growth is projected at 6.5%. ....
The benchmark indices opened higher ahead of RBI policy meet outcome. However, it erased all the initial gains amid volatility post RBI announcement. ....