THE RESERVE BANK of India (RBI), in its maiden Monetary Policy Committee (MPC) meeting of financial year 2024-25, kept the repo rate unchanged at 6.5% as it sought to maintain its focus on strengthening the economy. This is the seventh consecutive policy meeting where it has chosen to keep the policy repo rate unchanged. That's because it is treading cautiously since retail inflation has remained above its 4% target, though it was well within the 2% margin at 5.09% in February. Besides, it is also keeping an eye out on the geopolitical tensions in the Middle East.
Inflation was the 'elephant in the room' two years ago, RBI Governor Shaktikanta Das said at the post-policy press conference on April 5. "The elephant has now gone out for a walk and appears to be returning to the forest. We would like the elephant to return to the forest and remain there on a durable basis."
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
"Outlook for India is very positive"
Paul Uren, Head of Investment Banking (Asia-Pacific), J. P. Morgan, on M&A activity, the environment of investment banking market in India, and more
The 2025 Slate
The Indian film industry is hoping that 2025 will mark the return of big-budget blockbusters
TECH, SET, GO!
With up to 30 tech start-ups looking to go public, the year promises to be a turning point for India's thriving start-up ecosystem
CAUTION AHEAD
A series of events in the first few weeks of the New Year could shape the trajectory of the equity markets, especially the Trump administration's policies
THE GENTLEMAN-SCHOLAR PM
IN EVERY ROLE HE HELD, BE IT FINANCE MINISTER OR PRIME MINISTER, SINGH REMAINED OPEN-MINDED AND CONSTANTLY SOUGHT NEW IDEAS
THE COMPLETE ECONOMIST
THE MANMOHAN SINGH ERA WILL GO DOWN IN HISTORY AS THE ONE THAT CHANGED THE IMAGE OF INDIA, NOT MERELY IN THE ECONOMIC SPHERE, BUT IN EVERY OTHER ASPECT
"Inaction is worse than mistakes"
What was the problem you were grappling with?
TEEING OFF WITH TITANS
BUSINESS TODAY GOLF RESUMES ITS STORIED JOURNEY WITH THE 2024-25 SEASON OPENER IN DELHI-NCR. THERE ARE SIX MORE CITIES TO COME
AI FOOT FORWARD
THE WHO'S WHO OF THE AI WORLD GATHERED AT THE TAJ MAHAL PALACE IN MUMBAI TO DELIBERATE THE TRANSFORMATIVE IMPACT OF AI ON INNOVATION, INDUSTRIES, AND EVERYDAY LIFE.
Decolonising the Walls
ART START-UP MAAZI MERCHANT IS ON A MISSION TO BRING INDIA'S FORGOTTEN ART BACK HOME
