Home Blog RBI may hold repo rates amid high food prices: Business Standard poll...

RBI may hold repo rates amid high food prices: Business Standard poll | Economy & Policy News

21
0
RBI may hold repo rates amid high food prices: Business Standard poll | Economy & Policy News



The Reserve Bank of India (RBI)’s six-member Monetary Policy Committee (MPC) is expected to maintain a status quo for the ninth consecutive policy review, all 10 respondents said in a Business Standard poll. The RBI will announce the policy decisions on August 8.


After increasing the repo rate by 250 basis points (bps) to 6.5 per cent between May 2022 and February 2023, the MPC kept the repo rate unchanged in the previous eight policy reviews.


Gaura Sen Gupta, chief economist at IDFC First Bank, said the tone of the policy would be cautious on food inflation risks. “Food

First Published: Aug 04 2024 | 11:25 PM IST

Astrology News

LEAVE A REPLY

Please enter your comment!
Please enter your name here