 
                  
Headline inflation on food prices to increase in near months: RBI
The Monetary Policy Committee (MPC), in majority, have expressed caution on the rise in retail inflation in the near-term.
Stay updated with the latest news and articles about MPC.
 
                  
 
                  
The Monetary Policy Committee (MPC), in majority, have expressed caution on the rise in retail inflation in the near-term.
 
                  
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) has not surprised anyone by keeping its finger on the pause, keeping the policy repo rate at 6.5 percent, and maintaining its stance of withdrawal of accommodation.
 
                  
Monetary Policy Committee (MPC) unitedly decided to keep the repo rate unchanged at 6.5%, says RBI Governor Shaktikanta Das.
 
                  
Nifty and BSE reached a record high of 16,349 and 54,717. BSE Largecap index hit a new high of 6308.32. The repo rates and reverse repo rates remain unchanged, according to the new monetary policy.
 
                  
The repo rate stands at 4% while the reverse repo rate remains unchanged at 3.5%. The auto index led by Amara Raja Batteries, Tata Motors, Maruti Suzuki, and Eicher Motors increased by 0.6% following the MPC announcement.
 
                  
CPI inflation for the first quarter of 2022-23 is estimated at 5.1%. The repo rates have been fixed at 4%.
 
                  
The Indian economy will contract 9.5% in fiscal 2021 due to disruptions caused by the COVID-19 pandemic, according to Shaktikanta Das, Governor, Reserve Bank of India.
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