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RBI Monetary Policy Highlights: MPC Keeps Repo Rate Unchanged, Ready To Act When Needed
India's Monetary Policy Committee has decided to keep the benchmark repo rate unchanged, RBI Governor Shaktikanta Das said, adding that the committee was ready to act as and when needed. The standing deposit facility rate, pegged 25 basis points below the repo rate, is at 6.25%. Inflation Outlook Headline inflation is seen moderating in 2023-24, Das said. Taking into account these factors into account, inflation is projected at 5.2% for 2023-24, with Q1 at 5.1%, Q2 at 5.4%, Q3 at 5.4% and Q4 at 5.2%. Urban demand firmed up further, supported by a sustained recovery in contact-intensive services, while rural demand indicators registered healthy growth. Source - https://www.bqprime.com/business/rbi-monetary-policy-highlights-mpc-keeps-repo-rate-unchanged-ready-to-act-when-needed
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