2024-02-09 09:44:58 am | Source: Angel One Ltd
Monetary Policy Quote from Mr. Aamar Deo Singh, Sr. Vice President, Research, Angel One Ltd.
Below the MPC Quote from Mr. Aamar Deo Singh, Sr. Vice President, Research, Angel One Ltd.
“The benchmark interest rate remained unchanged at 6.5% in the RBI's most recent monetary policy announcement today. The RBI decided not to change the rates at this time because retail inflation for FY24 was 5.4%, above the targeted rate of 4%. A rate reduction in FY25 appears likely given the upcoming MPC meeting, which is set for April 3-5, 2024, and the anticipated cooling of the retail inflation to 4.5% in FY25.”
Above views are of the author and not of the website kindly read disclaimer
Disclaimer:
The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references.
To Read Complete Disclaimer Click Here
Latest News
Frido Champions Community Empowerment with Inclusive...
Quote on Budget Expectation by Mr. Kaushal Agarwal, ...
Quote on Pre-Budget Expectation Inputs - Foreign inv...
Company Update : Rural Electrification Corporation L...
Centre disbursed Rs 964 crore to electronics sector ...
Krystal Integrated Services delivers strong financia...
Zupee Brings Salman Khan`s Signature Quirk to Its Ne...
Company Update : Bajaj Finance By Motilal Oswal Fina...
Centre notifies new Income-Tax Rules for non-residen...
Gold Advances to $2,750 Amid Trade Uncertainty and R...
