Why in news Reserve Bank of India’s Monetary Policy Committee (MPC) decided to keep the policy repo rate unchanged at 6.50% for the nin...
Why in news
Reserve Bank of India’s Monetary Policy Committee (MPC) decided to keep the policy repo rate unchanged at 6.50% for the ninth consecutive time
Why there is no change in repo rate
According to RBI, Inflation is moderating but the pace of disinflation is uneven and slow.
Still, there is distance to cover to align inflation with the target
Headline inflation, after remaining steady at 4.8% during April and May, had increased to 5.1% in June, primarily driven by food inflation, which remains stubborn
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