Tag Archives: Monetary policy

The Reserve Bank of India (RBI) is expected to maintain the current repo rate of 6.5% during its final monetary policy committee (MPC) meeting of the year next week, according to HDFC Bank. The country's largest private sector bank, in a report, projected that the RBI would hold the repo rate steady, marking the 11th consecutive time since the last hike in February 2023.

India's consumer inflation has hit an 11-month low, registering at 4.83% in April compared to the previous year, as per data released by the Ministry of Statistics and Programme Implementation. However, despite this overall moderation, food prices have surged, reaching a four-month high.