09 OCT,2023 | MEDC
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The six-member Monetary Committee Policy (MPC) of the RBI decided to keep the policy repo rate unchanged at 6.5% for the fourth consecutive meeting. It also retained its GDP growth and inflation forecasts for 2023-24. The RBI Governor wisely said that it is a turning pitch and so he would like to play his shots carefully. That is always the best approach in public policy. Despite domestic economic activity remaining resilient, there is a lot of uncertainty all around us. Declining core inflation is a silver lining, but headline CPI inflation still remains vulnerable to the evolving situation. Financial stability is fundamental to price stability and the RBI is clearly not taking any chances. If India is to become the new growth engine of the world, policy prudence has to be maintained every step of the way.
Photo Credit - Google
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Interactive Meeting with Mr. Jaykumar Rawal Hon'ble Minister for Tourism & Employment Guarantee Scheme Govt. of Maharashtra