The Reserve Bank of India's MPC is expected to maintain the repo rate at 6.50% on June 7th.
The Reserve Bank of India's Monetary Policy Committee (MPC) is expected to maintain the policy repo rate at 6.50% in their upcoming meeting, aiming to balance inflation control and economic growth. The MPC's decision will be announced on June 7th. As inflation remains a concern and economic growth is improving, the central bank may not cut the benchmark interest rate, with experts anticipating a shallow rate cut cycle in the third quarter of the current fiscal year.
June 05, 2024
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