RBI MONETARY POLICY: A BALANCED APPROACH TOWARDS GROWTH WHILE STAYING VIGILANT ON INFLATION BATTLE
- Credit Rating Agency in India
- RBI Monetary Policy
- RBI MONETARY POLICY: A BALANCED APPROACH TOWARDS GROWTH WHILE STAYING VIGILANT ON INFLATION BATTLE
The RBI Monetary Policy Committee (MPC) decided by a 4 to 2 majority to keep the policy repo rate unchanged at 6.50 per cent in the Aug’24 monetary policy. Subsequently, the standing deposit facility (SDF) rate remains at 6.25 per cent and the marginal standing facility (MSF) rate and the Bank Rate at 6.75 per cent. The MPC also decided by a majority of 4 out of 6 members to remain focused on withdrawal of accommodation to ensure that inflation gradually aligns to the target, while supporting growth.