RBI's rate setting committee likely to maintain status quo on policy rates
The New Indian Express|April 04, 2024
ANALYSTS and Mint Road observers expect the Reserve Bank-led rate-setting panel (MPC), which began its first three-day meeting of the new fiscal here on Wednesday, to maintain status quo on policy rates given the still sticky inflation and the more-than-expected economic growth in the December quarter.
BENN KOCHUVEEDAN
RBI's rate setting committee likely to maintain status quo on policy rates

RBI will announce its policy move and stance Friday. The meeting comes against the backdrop of a stronger-thanexpected growth numbers (8.4% in Q3FY24) despite pressures in some sectors. The latest PMI reading shows manufacturing sector is red hot and is at a 16-year high of 59.1% in March.

The MPC, which has increased the policy rates by 250 bps to 6.5% from the pandemic driven easing to 4%, since May 2022, has been maintaining status quo since February 2023 when it had last hiked rates.

هذه القصة مأخوذة من طبعة April 04, 2024 من The New Indian Express.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة April 04, 2024 من The New Indian Express.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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