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Earlier in its February meeting, the RBI's MPC, for the first time, saw a dissent from external member Prof. Jayanth Varma, who opposed the unchanged policy rate and continued to dissent against the
In the MPC press release, Mr Shaktikanta Das mentioned that the global economy is still marked by shocks. But, the Indian economy remains resilient, and India is seen as a bright spot in a gloomy world.
Indian benchmark indices were trading sharply higher as there were no negative surprises. The 30-share BSE index was trading 876 points or 1.52 per cent higher at 58,509.62, and the broader NSE Nifty was up 252 points or 1.47 per cent to 17,357.15.