The report states that the apex bank is unlikely to go for a rate cut in December as inflation is showing an upward trend.
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This is a significant improvement over the previous system where there was a delay of one or two working days for the funds to be transferred
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RBI highlighted several key factors contributing to this positive trend, including enhanced provisioning for bad loans, sustained capital adequacy, and increased profitability.
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The decision of the MPC (Monetary Policy Committee) will be declared on June 7 (Friday)
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