Repo rate remains unchanged at 6.5%-Decision to pause rate hikes is for this meeting only 3 FY24 GDP growth estimate at 6.5%-Inflation has softened, but remains above tolerance level-Headline inflation expected to moderate in 2023-24
Repo rate remains unchanged at 6.5%
Decision to pause rate hikes is for this meeting only 3 FY24 GDP growth estimate at 6.5%
Inflation has softened,but remains above tolerance level
"In our opinion, this has been primarily induced by the turbulence in the global banking sector brought about by the failures of a few regional banks in US and the potential contagion risks in other parts of the world," she says.
Nevertheless, the communication from RBI has highlighted that the war with inflation is not yet over and the MPC will be ready to take any further hike in rates if the concerns on inflation increase further, she adds.
(With inputs from agencies)