 "RBI")
Business Standard covered every aspect of the Monetary Policy Review. Here are our top stories:
RBI increases repo rate, maintains neutral stance: Citing the fear of inflation, the six-member monetary policy committee (MPC) on Wednesday unanimously voted for a rate hike. The hike in policy repo rate to 6.25 per cent from 6 per cent was contrary to market expectation that the central bank will hold rates.
Even as the central bank kept its stance ‘neutral’, the bond market saw the policy statement as hawkish, expecting at least one more rate hike soon. The 10-year gilt yield, which had already factored in a 25
Even as the central bank kept its stance ‘neutral’, the bond market saw the policy statement as hawkish, expecting at least one more rate hike soon. The 10-year gilt yield, which had already factored in a 25
