10/08/2023 12:35:57 PM | Source: LKP Securities Ltd
Quote on RBI MPC Maintains Policy Rate at 6.5% Amid Inflation and Growth Projections by Ajit Kabi, LKP Securities
Below the Quote on the RBI MPC Maintains Policy Rate at 6.5% Amid Inflation and Growth Projections by Ajit Kabi, Banking analyst at LKP Securities
RBI has kept the policy rate unchanged at 6.5% in the recent MPC meet. The inflation may not cause worries (excluding CPI). The CPI forecast for FY24 has raised to 5.4% from 5.1% estimated earlier. Moreover, the real GDP growth forecast was pegged at 6.6%. RBI MPC remains resolute in its commitment to align inflation with the 4% target and anchor inflation expectations.
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