The Reserve Bank of India’s Monetary Policy Committee (MPC) has decided to keep the repo rate steady at 6.50%, marking the sixth consecutive unchanged policy review. Emphasizing the commitment to align inflation with its target, RBI Governor Shaktikanta Das stated that the MPC will closely monitor potential food price pressures impacting non-food items. The policy stance of “withdrawal of accommodation” persists, reflecting the need to actively pursue disinflation while supporting economic growth. Analysts, like Madhavi Arora of Emkay Global Financial Services, anticipate a gradual alignment of overnight rates with the repo rate, with a possible stance change in April or later to accommodate evolving global dynamics.
RBI Maintains Status Quo with Unchanged Repo Rate Amidst Inflation Concerns
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