03Jun 2024
“RBI LIKELY TO MAINTAIN REPO RATE AMID PERSISTENT FOOD INFLATION”
Why in the news? The Reserve Bank of India’s Monetary Policy Committee is likely to maintain the repo rate at 6.5% due to persistent food inflation, signaling a cautious approach to monetary policy. Expectations suggest the MPC will keep the monetary policy stance unchanged, focusing on managing inflation and supporting economic growth amid uncertainties. About …
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