 "Urjit Patel, Viral Acharya , RBI")
The Reserve Bank of India (RBI) lowered its policy interest rate by 25 basis points (bps) and said the future course of inflation would depend upon a combination of factors, including states implementing farm debt waivers.
The six-member Monetary Policy Committee (MPC) observed the inflation rate had fallen to a historic low but “a conclusive segregation of transitory and structural factors driving the disinflation is still elusive”.
After the latest policy review, the repo rate, at which the central bank lends to banks, stands at 6 per cent. The RBI maintained its neutral monetary stance.
The rate cut was part
