Jayanth Varma, an external member of the RBI's Monetary Policy Committee, has stated that an interest rate cut is required to prevent excessive real interest rates amid changing economic landscape
Retail inflation: In the recent MPC announcement, RBI Governor Shaktikanta Das had said that the inflation figures may show an uptick in November and December owing to food output pressures
MPC holds repo rate at 6.5% but maintains tight stance as inflation remains a concern
Inflation remains a top priority, and a few months of good data should not lead to complacency: Das
Market analysts said that the RBI's persistent focus on addressing the uneven distribution of liquidity in the banking system led them to the adoption of measure
RBI monetary policy: The RBI also decided to maintain its policy stance at "withdrawal of accommodation"
Focusing on digital banking, the RBI announced a regulatory framework for web-aggregation of loan products and proposed the establishment of a fintech repository by April 2024
RBI MPC: Reserve Bank's Monetary Policy Committee decides to keep the repo rate unchanged at 6.5% and also keeps the FY24 inflation forecast unchanged at 5.4%
RBI MPC meeting: The meeting of the six-member committee started on December 6 in Mumbai and will end with the announcement of Governor Shaktikanta Das on December 8
RBI has maintained a hawkish tone in the last two policy reviews, and those steps were to further reinforce the point that the central bank is not dropping its guard on inflation any time soon
Food prices will remain a risk for the MPC
The RBI will not take its eyes off inflation. There is no room for complacency
At the Business Standard BFSI Summit last month, RBI Governor Shaktikanta Das said that the Q2 GDP figure is likely to surprise everyone on the upside
The RBI's rate-setting panel has raised the repo rate by 250 basis points cumulatively between May 2022 and February 2023 to manage inflation expectations
NBFCs tend to mute monetary transmission in the short run but amplify it in the long run
Das said that it will 'actively' manage the liquidity in the economy. The central bank will undertake open market operations to do so
MPC keeps repo rate unchanged; retains growth, inflation forecast
Technology and financial stocks led the gains
RBI policy: In the last bi-monthly announcement in August, the MPC decided to keep the benchmark repo rate unchanged at 6.5% for the third time in a row. Check all LIVE updates for today's MPC here
RBI MPC has decided to continue with the pause on repo rate at 6.5 per cent for the fourth time in a row