Explained: RBI focus on food inflation, what MPC policy means for markets?

Quick Summary:

Therefore, the RBI is not going to ignore food inflation.

The guidance remained predictably tilted in favour of focusing on inflation, with comfort on growth outlook, although we note a surprising downgrade to the Q1 FY25 GDP growth forecast in acknowledgment of softer-than-expected data.

With inflation under control at around 4.5 per cent, which is on the lower end of the RBI's target band, India is in a relatively strong position compared to other global economies.

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Category: BusinessFinance

Markets: IndiaJapan

Topics: Bse Shaktikanta das Rbi policy highlights Stock market live updates Stock market updates Stock market news Rbi policy today Sensex Food inflation Stock markets Interest rate Nse Rbi policy takeaways Cpi inflation Repo rate Markets What rbi policy means for markets Stock market after rbi policy RBI MPC meet Nifty Business standard

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Article Type: News Report

Published On: 2024-08-08 @ 12:06:30 (4 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 818 words

Reading Time: 5 minutes read

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