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.
This story is from the April 04, 2024 edition of The New Indian Express.
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This story is from the April 04, 2024 edition of The New Indian Express.
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