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Here are the details about how the Mad Pachyderm Committee (MPC) fought against the elephant Inflation, the weapons they used, and the epic poems about the heroic battle
As this is the first meeting of a new financial year and with elections around the corner, the chances of rate or stance changes are unlikely. If there is any indication of a change in stance, it could also be an indication of rate cuts down the line
RBI's decision to keep lending rates unchanged presents EMI-dependent homebuyers and those waiting on the sidelines to fulfill their home-ownership aspirations
RBI must consider lowering interest rates, it will benefit both the producers and consumers. Also, keeping interest rates high hampers demand for relatively high valued discretionary items and may not help contain food inflation
Ahead of this week's scheduled review meeting of the Monetary Policy Committee (MPC), market watchers and investors are keen to know the timeline for India's rate easing cycle. However, the texture - and driver - of India's robust economic growth rates suggest their wait will perhaps be of some duration.