 "fuel, oil prices, petrol, diesel")
The no-action, status-quo monetary policy of the Reserve Bank of India (RBI) signals continuity with change.
Let’s take a close look at what has been continuing and what has changed.
One, the accommodative stance of the monetary policy continues.
The Monetary Policy Committee (MPC), RBI’s rate-setting body, has unanimously decided to continue with the accommodative stance as long as necessary, while the key policy rates remain unchanged. It has also stuck to its data-based guidance as opposed to the time-based guidance that it was giving till February.
However, one word has made a big change. This time it is saying
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