 "reserve bank of india, rbi")
Bond prices rallied, bank stocks rose and rupee appreciated on Friday, cheering the Reserve Bank of India’s (RBI’s) October monetary policy.
The Monetary Policy Committee (MPC), Indian central bank’s rate-setting body, with three new members on board, met between October 7 and 9, with one eye on the markets and the other on the economy.
The new MPC has not gone for a rate cut (none expected it to) but has done everything else to ensure that the massive market borrowing programme of the Centre and the states goes through without any disruption and to instill growth impulses in Asia’s third-largest economy,
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