RBI governor Shaktikanta Das said, Price stability is the bedrock for high and sustainable growth therefore, vote to keep the policy repo rate unchanged at 6.5 per cent and to continue with the stance of withdrawal of accommodation
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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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Experts also say that the bond yields will remain range bound with a slight easing bias for now
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Das today unveiled the results of the Monentary Policy Committee meeing, which began its three-day meeting on Wednesday
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The decision comes amidst a backdrop of economic uncertainties both domestically and globally
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MPC chaired by Governor Das, has been convening in Mumbai this week to deliberate on key policy decisions
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The decision of the MPC (Monetary Policy Committee) will be declared on June 7 (Friday)
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The RBI typically conducts six bimonthly meetings in a financial year, where it deliberates interest rates, money supply, inflation outlook
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