Why in news The RBI has maintained its benchmark interest rate at 6.5% for the tenth consecutive time. It has changed its policy stance f...
Why in news
The RBI has maintained its benchmark interest rate at 6.5% for the tenth consecutive time.
It has changed its policy stance from “withdrawal of accommodation” to “neutral,” indicating a potential for interest rate cuts in the future.
The RBI is focusing on balancing inflation control with supporting economic growth, noting that inflation and growth metrics are currently well-aligned.
Retail inflation fell to below the target of 4% in July and August, prompting cautious optimism from the RBI
The RBI maintains its GDP growth projection at 7.2% for 2024-25 and slightly adjusted its inflation forecast.
COMMENTS