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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 anticipat...

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

Source: Angel One Ltd
2024-02-09 09:44:58 am