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The RBI raised its economic growth forecast for FY24 to 7%, up from 6.5 percent; inflation estimate was left unchanged at 5.4 percent. The repo rate, or the rate at which the RBI lends to banks, remains at 6.5 percent and all the other rates remain where they are. An ET poll of 10 market respondents had forecast a status quo on policy rates.
RBI Monetary Policy Committee: The Reserve Bank of India's monetary policy panel today XXX India's inflation aim for this fiscal year amid worries for rising food prices and uncertainties around crude prices that have however recently been on a downtrend. Reserve Bank of India's Governor Shaktikanta Das today announced the inflation target during the Monetary Policy Committee's rate announcement. The MPC today also left India's repo rate unchanged for a fifth straight time.
Following rapid increases in the policy repo rate by a cumulative 250 basis points from May 2022 to February 2023 to cool inflation, the RBI has held rates steady since. One basis point is a hundredth of a percentage point.
Following rapid increases in the policy repo rate by a cumulative 250 basis points from May 2022 to February 2023 to cool inflation, the RBI has held rates steady since. One basis point is a hundredth of a percentage point.
Randy Richards was standing with a group of men on Mint Road in Grange Hill, Westmoreland, on an October evening in 2019. About 5:30 p.m., he was surprised by a group of armed thugs who brazenly opened gunfire at him. Richards, 29, tried to run,...