"""While the MPC took note of the disinflation achieved so far without hurting growth, it remains vigilant to any upside risks to inflation, particularly from food inflation, which could possibly derail the path of disinflation. Hence, monetary policy must continue to remain disinflationary and be resolute in its commitment to aligning inflation to the target of 4.0 per cent on a durable basis. Sustained price stability would set strong foundations for a period of high growth," RBI Governor Shaktikanta Das said in his statement. This is the 8th consecutive time the RBI has left policy rates unchanged.
"Dovish commentary by the RBI and hike in FY25 GDP growth forecast boosted market sentiment" said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services.
The RBI status quo on repo rate is in sync with the assessment of the Monetary Policy Committee (MPC) that there is need to continue with the disinflationary stance, until a durable alignment of the headline CPI inflation with the target is achieved.
Bu hikaye The Business Guardian dergisinin June 08, 2024 sayısından alınmıştır.
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Bu hikaye The Business Guardian dergisinin June 08, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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