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Monetary Policy Committee eyes growth concerns; takes solace in low inflation

The minutes also revealed all members expecting inflation to be in line with RBI's March-end target of 5 percent

Reuters 

The minutes of the Indian central bank's maiden monetary policy committee (MPC) meeting, released on Tuesday, showed that broad concerns over economic growth and relief from the pullback in inflation spurred the bank's recent rate cut decision. The minutes from the 2-day meeting on October 3-4, which saw all six MPC members voting for a quarter point rate cut to 6.25 percent also revealed all members expecting inflation to be in line with Reserve Bank of India's March-end target of 5 percent. India's consumer price index inflation cooled to a ...

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Monetary Policy Committee eyes growth concerns; takes solace in low inflation

The minutes also revealed all members expecting inflation to be in line with RBI's March-end target of 5 percent

The minutes also revealed all members expecting inflation to be in line with RBI's March-end target of 5 percent The minutes of the Indian central bank's maiden monetary policy committee (MPC) meeting, released on Tuesday, showed that broad concerns over economic growth and relief from the pullback in inflation spurred the bank's recent rate cut decision. The minutes from the 2-day meeting on October 3-4, which saw all six MPC members voting for a quarter point rate cut to 6.25 percent also revealed all members expecting inflation to be in line with Reserve Bank of India's March-end target of 5 percent. India's consumer price index inflation cooled to a ... image
Business Standard
177 22

Monetary Policy Committee eyes growth concerns; takes solace in low inflation

The minutes also revealed all members expecting inflation to be in line with RBI's March-end target of 5 percent

The minutes of the Indian central bank's maiden monetary policy committee (MPC) meeting, released on Tuesday, showed that broad concerns over economic growth and relief from the pullback in inflation spurred the bank's recent rate cut decision. The minutes from the 2-day meeting on October 3-4, which saw all six MPC members voting for a quarter point rate cut to 6.25 percent also revealed all members expecting inflation to be in line with Reserve Bank of India's March-end target of 5 percent. India's consumer price index inflation cooled to a ...

image
Business Standard
177 22