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    Vikshita Vitthal Gujaran in News

    06-Apr-2023 11:04 AM


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    RBI MPC Meet 2023 Live Updates: RBI opts for a pause in rate hike to 'assess progress' in tackling inflation

    RBI MPC Meet 2023 Live Updates: The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) voted to leave the repo rate unchanged at 6.5% during its latest bi-monthly meeting.
    The decision was in line with market expectations, as the central bank aims to balance growth and inflation concerns.
    The rupee declined to an intraday low of at 82.06 per U.S. dollar versus 81.88 before the RBI policy announcement.
    ADVERTISEMENT April 06, 2023 / 10:48 AM IST RBI Monetary Policy 2023 Updates: India bond yields crash Indian government bond yields plunged on Thursday, after the Reserve Bank of India, in an unexpected move, kept policy rates unchanged, against wide expectations of a seventh consecutive rate hike.
    The 10-year benchmark 7.26% 2032 bond yield was at 7.1987% as of 10:35 a.m. IST, after closing at 7.2750% on Wednesday.
    Both the benchmarks had fallen 0.3% ahead of the RBI's rate decision.

    Source -https://www.moneycontrol.com/news/business/rbi-monetary-policy-2023-live-updates-shaktikanta-das-loan-emi-mpc-highlights-10370221.html