The RBI maintains its repo rate at 6.5% and continues the withdrawal of accommodation
<p>The Reserve Bank of India kept the policy repo rate at 6.5%.<br />
According to experts, the lowering of retail inflation in April, as well as the<br />
possibility of an additional drop, demonstrates the positive impact of recent<br />
policy rate measures. Das stated that the MPC, with a majority of five out of<br />
six members, will continue to focus on withdrawing stimulus to ensure that<br />
inflation gradually aligns with the objective while sustaining growth.Read Also this: Climate Change Poses a Threat to India’s EconomyOTT India updates you with the latest news, Country’s no.1 digital news platform OTT India, Keeps you updated with national, and international news from all around the world. For more such updates, download the OTT India app on your Android and IOS device</p>
11:25 AM Jun 08, 2023 IST
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mediology
The Reserve Bank of India kept the policy repo rate at 6.5%.
According to experts, the lowering of retail inflation in April, as well as the
possibility of an additional drop, demonstrates the positive impact of recent
policy rate measures. Das stated that the MPC, with a majority of five out of
six members, will continue to focus on withdrawing stimulus to ensure that
inflation gradually aligns with the objective while sustaining growth.
Read Also this: Climate Change Poses a Threat to India’s Economy
OTT India updates you with the latest news, Country’s no.1 digital news platform OTT India, Keeps you updated with national, and international news from all around the world. For more such updates, download the OTT India app on your Android and IOS device
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