The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) in its second bi-monthly monetary policy meeting of FY24 decided to leave the repo rate unchanged at 6.5%
The focus remains on withdrawal of accommodation. The RBI also retained FY24 GDP growth forecast at 6.5%, while expects FY24 CPI inflation to be at 5.1%.https://www.livemint.com/economy/rbi-monetary-policy-live-rbi-to-announce-monetary-policy-today-likely-to-hold-repo-rate-at-65-11686135649418.html
# Disclaimer- Please note that S3 Insights has been created with the primary goal of providing its readers with up-to-date information on the Financial Markets. Its purpose is to share knowledge about Financial products, insights from Market experts, recent developments in the financial industry, and business-related information about companies. It is important to emphasize that the S3 Insights should not be interpreted as providing any form of advice. It does not intend to recommend or endorse the buying, selling, or trading of any financial product. S3 Insights is purely educational in nature.