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.

この蚘事は The New Indian Express の April 04, 2024 版に掲茉されおいたす。

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この蚘事は The New Indian Express の April 04, 2024 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、8,500 以䞊の雑誌や新聞にアクセスしおください。

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