RBI monetary policy: In no hurry to cut repo rate, MPC keeps status quo; retains FY25 growth, inflation forecasts
Five of the six members of the RBI's MPC panel have voted for the status quo on both the policy rate and stance
Attempts to clear impression about widespread action; curbs only against outliers for major breaches
RBI MPC highlights: Catch all the highlights related to RBI's Monetary Policy Committee announcements here
The RBI projects CPI will be 4.5 per cent for the whole year, and growth will be 7%
RBI monetary policy: The MPC decision will be announced by Shaktikanta Das at 10 am on Friday, followed by a press conference at noon
The monetary policy committee of the RBI had hiked the policy repo rate by 250 basis points (bps) between May 2022 and February 2023 before hitting a pause
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The RBI had said in January that effective April 5, exchanges may offer forex derivative contracts involving the rupee to users "for the purpose of hedging contracted exposure"
Indian economy is in a comfortable position
The RBI will announce the review of the policy on April 5
Varma says if the economy is not overheating, there is no need of a high real interest rate, which can choke growth
Patra said it was only when the inflation rate subsided and stayed close to the target lastingly that policy restraint could be eased
The central theme of the MPC statement reminds one of American poet Robert Frost's Stopping by Woods on a Snowy Evening
Here is the best of Business Standard's opinion pieces for today
RBI governor Shaktikanta Das responded to a range of issues during the post policy media interaction
Growth prospects are robust domestically. Key drivers on the demand side, household consumption will improve further, while prospects of fixed investment remain bright
Repo rate unchanged: The experts in the real estate industry said that this decision is likely to keep the momentum in the industry intact
RBI policy meet: The RBI MPC has also decided to keep its stance of 'withdrawal of accommodation' unchanged
Home loan rates are already lower compared to 2023 levels where they had started touching 9 per cent. The lowest home loan rates today are in the 8.30 range