The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) on Friday announced its decision to hold the benchmark repo rate unchanged at 4%. Vowing to stick with its ‘accommodative’ policy stance in the next fiscal year to help support economic recovery amid the COVID-19 pandemic, the MPC opined that inflation was likely to remain elevated, “barring transient relief in the winter months from prices of perishables”.(Read More)
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