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Monetary Policy Quote from Mr. Aamar Deo Singh, Sr. Vice President, Research, Angel One Ltd.
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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.”
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