Cannot cut rates due to one-off inflation dip, says RBI governor Das

Quick Summary:

The six-member Monetary Policy Committee of the RBI has kept the policy repo rate unchanged at 6.

The central bank has refused to drop its guard mainly due to higher food inflation.“We have to be patient; there is some distance to cover,” he said.

RBI's monetary policy committee keeps repo rate unchanged at 6.

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Article Details

Category: BusinessFinance

Markets: India

Topics: RBI repo rate Shaktikanta Das MPC Monetary policy committee

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-20 @ 20:49:39 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 665 words

Reading Time: 4 minutes read

Sentences: 31 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 22180841

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