{"id":10498,"date":"2024-02-08T06:35:50","date_gmt":"2024-02-08T06:35:50","guid":{"rendered":"https:\/\/jammubulletin.com\/site\/?p=10498"},"modified":"2024-02-08T06:35:50","modified_gmt":"2024-02-08T06:35:50","slug":"rbi-leaves-repo-rate-unchanged-for-sixth-straight-occassions","status":"publish","type":"post","link":"https:\/\/jammubulletin.com\/site\/rbi-leaves-repo-rate-unchanged-for-sixth-straight-occassions\/","title":{"rendered":"RBI leaves repo rate unchanged for sixth straight occassions"},"content":{"rendered":"<p>MUMBAI: <span id=\"output-sentence-box~0\" class=\"output-sentence\"><span class=\"css-x5hiaf\"><span id=\"output-sentence~0\"><span data-testid=\"output-sentence-0\"><span id=\"output-phrase~0~0\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">At\u00a0<\/span><\/span><span id=\"output-phrase~0~1\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">its\u00a0<\/span><\/span><span id=\"output-phrase~0~2\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">February\u00a0<\/span><\/span><span id=\"output-phrase~0~3\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">review\u00a0<\/span><\/span><span id=\"output-phrase~0~4\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">meeting,\u00a0<\/span><\/span><span id=\"output-phrase~0~5\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">the\u00a0<\/span><a href=\"https:\/\/jammubulletin.com\/site\/rbi-says-rs-2000-notes-totalling-rs-9760-cr-still-with-public\/\"><span class=\"css-15iwe0d\">Reserve\u00a0<\/span><span class=\"css-15iwe0d\">Bank\u00a0<\/span><\/a><\/span><a href=\"https:\/\/jammubulletin.com\/site\/rbi-says-rs-2000-notes-totalling-rs-9760-cr-still-with-public\/\"><span id=\"output-phrase~0~6\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">of\u00a0<\/span><\/span><\/a><span id=\"output-phrase~0~7\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\"><a href=\"https:\/\/jammubulletin.com\/site\/rbi-says-rs-2000-notes-totalling-rs-9760-cr-still-with-public\/\">India<\/a>&#8216;s\u00a0<\/span><\/span><span id=\"output-phrase~0~8\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">(RBI)\u00a0<\/span><\/span><span id=\"output-phrase~0~9\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">Monetary\u00a0<\/span><span class=\"css-15iwe0d\">Policy\u00a0<\/span><\/span><span id=\"output-phrase~0~10\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">Committee\u00a0<\/span><\/span><span id=\"output-phrase~0~11\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">unanimously\u00a0<\/span><span class=\"css-2yp7ui\">agreed\u00a0<\/span><\/span><span id=\"output-phrase~0~12\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">to\u00a0<\/span><span class=\"css-0\">maintain\u00a0<\/span><span class=\"css-0\">the\u00a0<\/span><\/span><span id=\"output-phrase~0~13\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">status\u00a0<\/span><span class=\"css-15iwe0d\">quo,\u00a0<\/span><\/span><span id=\"output-phrase~0~14\" class=\"css-1m8t0fv\"><span class=\"css-2yp7ui\">with\u00a0<\/span><\/span><span id=\"output-phrase~0~15\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">the\u00a0<\/span><span class=\"css-15iwe0d\">policy\u00a0<\/span><span class=\"css-15iwe0d\">repo\u00a0<\/span><span class=\"css-15iwe0d\">rate\u00a0<\/span><\/span><span id=\"output-phrase~0~16\" class=\"css-1m8t0fv\"><span class=\"css-rh820s\">remaining\u00a0<\/span><\/span><span id=\"output-phrase~0~17\" class=\"css-1m8t0fv\"><span class=\"css-0\">at\u00a0<\/span><\/span><span id=\"output-phrase~0~18\" class=\"css-1m8t0fv\"><span class=\"css-0\">6.5%\u00a0<\/span><\/span><span id=\"output-phrase~0~19\" class=\"css-1m8t0fv\"><span class=\"css-0\">for\u00a0<\/span><span class=\"css-0\">the\u00a0<\/span><\/span><span id=\"output-phrase~0~20\" class=\"css-1m8t0fv\"><span class=\"css-0\">sixth\u00a0<\/span><\/span><span id=\"output-phrase~0~21\" class=\"css-1m8t0fv\"><span class=\"css-rh820s\">consecutive\u00a0<\/span><\/span><span id=\"output-phrase~0~22\" class=\"css-1m8t0fv\"><span class=\"css-0\">meeting.<\/span><\/span><\/span> <\/span><\/span><\/span><span id=\"output-sentence-box~1\" class=\"output-sentence\"><span class=\"css-x5hiaf\"><span id=\"output-sentence~1\"><span data-testid=\"output-sentence-1\"><span id=\"output-phrase~1~0\" class=\"css-1m8t0fv\"><span class=\"css-0\">The\u00a0<\/span><span class=\"css-15iwe0d\">interest\u00a0<\/span><span class=\"css-15iwe0d\">rate\u00a0<\/span><\/span><span id=\"output-phrase~1~1\" class=\"css-1m8t0fv\"><span class=\"css-0\">at\u00a0<\/span><span class=\"css-0\">which\u00a0<\/span><\/span><span id=\"output-phrase~1~2\" class=\"css-1m8t0fv\"><span class=\"css-0\">the\u00a0<\/span><span class=\"css-0\">RBI\u00a0<\/span><\/span><span id=\"output-phrase~1~3\" class=\"css-1m8t0fv\"><span class=\"css-rh820s\">loans\u00a0<\/span><\/span><span id=\"output-phrase~1~4\" class=\"css-1m8t0fv\"><span class=\"css-rh820s\">money\u00a0<\/span><\/span><span id=\"output-phrase~1~5\" class=\"css-1m8t0fv\"><span class=\"css-0\">to\u00a0<\/span><span class=\"css-0\">other\u00a0<\/span><\/span><span id=\"output-phrase~1~6\" class=\"css-1m8t0fv\"><span class=\"css-0\">banks\u00a0<\/span><\/span><span id=\"output-phrase~1~7\" class=\"css-1m8t0fv\"><span class=\"css-0\">is\u00a0<\/span><span class=\"css-rh820s\">known\u00a0<\/span><\/span><span id=\"output-phrase~1~8\" class=\"css-1m8t0fv\"><span class=\"css-rh820s\">as\u00a0<\/span><\/span><span id=\"output-phrase~1~9\" class=\"css-1m8t0fv\"><span class=\"css-0\">the\u00a0<\/span><span class=\"css-0\">repo\u00a0<\/span><span class=\"css-0\">rate.<\/span><\/span><\/span> <\/span><\/span><\/span><span id=\"output-sentence-box~2\" class=\"output-sentence\"><span class=\"css-x5hiaf\"><span id=\"output-sentence~2\"><span data-testid=\"output-sentence-2\"><span id=\"output-phrase~2~0\" class=\"css-1m8t0fv\"><span class=\"css-rh820s\">Following\u00a0<\/span><\/span><span id=\"output-phrase~2~1\" class=\"css-1m8t0fv\"><span class=\"css-1eh0vfs\">a\u00a0<\/span><\/span><span id=\"output-phrase~2~2\" class=\"css-1m8t0fv\"><span class=\"css-1eh0vfs\">three-day\u00a0<\/span><\/span><span id=\"output-phrase~2~3\" class=\"css-1m8t0fv\"><span class=\"css-1eh0vfs\">review\u00a0<\/span><\/span><span id=\"output-phrase~2~4\" class=\"css-1m8t0fv\"><span class=\"css-1eh0vfs\">meeting,\u00a0<\/span><\/span><span id=\"output-phrase~2~5\" class=\"css-1m8t0fv\"><span class=\"css-1ber87j\">RBI\u00a0<\/span><span class=\"css-1ber87j\">Governor\u00a0<\/span><span class=\"css-1ber87j\">Shaktikanta\u00a0<\/span><span class=\"css-1ber87j\">Das\u00a0<\/span><\/span><span id=\"output-phrase~2~6\" class=\"css-1m8t0fv\"><span class=\"css-2yp7ui\">discussed\u00a0<\/span><\/span><span id=\"output-phrase~2~7\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">the\u00a0<\/span><span class=\"css-15iwe0d\">policy\u00a0<\/span><\/span><span id=\"output-phrase~2~8\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">statement\u00a0<\/span><\/span><span id=\"output-phrase~2~9\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">on\u00a0<\/span><\/span><span id=\"output-phrase~2~10\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">Friday\u00a0<\/span><span class=\"css-0\">morning.\u00a0<\/span><\/span><span id=\"output-phrase~2~11\" class=\"css-1m8t0fv\"><span class=\"css-0\">He\u00a0<\/span><\/span><span id=\"output-phrase~2~12\" class=\"css-1m8t0fv\"><span class=\"css-rh820s\">cited\u00a0<\/span><\/span><span id=\"output-phrase~2~13\" class=\"css-1m8t0fv\"><span class=\"css-rh820s\">stable\u00a0<\/span><span class=\"css-15iwe0d\">growth\u00a0<\/span><\/span><span id=\"output-phrase~2~14\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">dynamics\u00a0<\/span><\/span><span id=\"output-phrase~2~15\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">and\u00a0<\/span><\/span><span id=\"output-phrase~2~16\" class=\"css-1m8t0fv\"><span class=\"css-2yp7ui\">moderate\u00a0<\/span><span class=\"css-15iwe0d\">inflation\u00a0<\/span><\/span><span id=\"output-phrase~2~17\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">as\u00a0<\/span><\/span><span id=\"output-phrase~2~18\" class=\"css-1m8t0fv\"><span class=\"css-rh820s\">justifications\u00a0<\/span><\/span><span id=\"output-phrase~2~19\" class=\"css-1m8t0fv\"><span class=\"css-0\">for\u00a0<\/span><\/span><span id=\"output-phrase~2~20\" class=\"css-1m8t0fv\"><span class=\"css-rh820s\">keeping\u00a0<\/span><\/span><span id=\"output-phrase~2~21\" class=\"css-1m8t0fv\"><span class=\"css-0\">the\u00a0<\/span><span class=\"css-rh820s\">monetary\u00a0<\/span><\/span><span id=\"output-phrase~2~22\" class=\"css-1m8t0fv\"><span class=\"css-0\">stance\u00a0<\/span><\/span><span id=\"output-phrase~2~23\" class=\"css-1m8t0fv\"><span class=\"css-0\">as\u00a0<\/span><span class=\"css-rh820s\">it\u00a0<\/span><\/span><span id=\"output-phrase~2~24\" class=\"css-1m8t0fv\"><span class=\"css-rh820s\">is.<\/span><\/span><\/span> <\/span><\/span><\/span><span id=\"output-sentence-box~3\" class=\"output-sentence\"><span class=\"css-x5hiaf\"><span id=\"output-sentence~3\"><span data-testid=\"output-sentence-3\"><span id=\"output-phrase~3~0\" class=\"css-1m8t0fv\"><span class=\"css-rh820s\">According\u00a0<\/span><span class=\"css-0\">to\u00a0<\/span><\/span><span id=\"output-phrase~3~1\" class=\"css-1m8t0fv\"><span class=\"css-0\">Das,\u00a0<\/span><\/span><span id=\"output-phrase~3~2\" class=\"css-1m8t0fv\"><span class=\"css-0\">growth\u00a0<\/span><\/span><span id=\"output-phrase~3~3\" class=\"css-1m8t0fv\"><span class=\"css-0\">is\u00a0<\/span><span class=\"css-0\">holding\u00a0<\/span><\/span><span id=\"output-phrase~3~4\" class=\"css-1m8t0fv\"><span class=\"css-rh820s\">up\u00a0<\/span><\/span><span id=\"output-phrase~3~5\" class=\"css-1m8t0fv\"><span class=\"css-0\">better\u00a0<\/span><span class=\"css-15iwe0d\">than\u00a0<\/span><\/span><span id=\"output-phrase~3~6\" class=\"css-1m8t0fv\"><span class=\"css-2yp7ui\">anticipated\u00a0<\/span><\/span><span id=\"output-phrase~3~7\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">and\u00a0<\/span><\/span><span id=\"output-phrase~3~8\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">inflation\u00a0<\/span><\/span><span id=\"output-phrase~3~9\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">is\u00a0<\/span><span class=\"css-2yp7ui\">getting\u00a0<\/span><\/span><span id=\"output-phrase~3~10\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">closer\u00a0<\/span><\/span><span id=\"output-phrase~3~11\" class=\"css-1m8t0fv\"><span class=\"css-0\">to\u00a0<\/span><span class=\"css-0\">the\u00a0<\/span><\/span><span id=\"output-phrase~3~12\" class=\"css-1m8t0fv\"><span class=\"css-0\">target.<\/span><\/span><\/span> <\/span><\/span><\/span><span id=\"output-sentence-box~4\" class=\"output-sentence\"><span class=\"css-x5hiaf\"><span id=\"output-sentence~4\"><span data-testid=\"output-sentence-4\"><span id=\"output-phrase~4~0\" class=\"css-1m8t0fv\"><span class=\"css-rh820s\">While\u00a0<\/span><\/span><span id=\"output-phrase~4~1\" class=\"css-1m8t0fv\"><span class=\"css-1eh0vfs\">retail\u00a0<\/span><span class=\"css-1eh0vfs\">inflation\u00a0<\/span><\/span><span id=\"output-phrase~4~2\" class=\"css-1m8t0fv\"><span class=\"css-1eh0vfs\">in\u00a0<\/span><span class=\"css-1eh0vfs\">India\u00a0<\/span><\/span><span id=\"output-phrase~4~3\" class=\"css-1m8t0fv\"><span class=\"css-0\">is\u00a0<\/span><\/span><span id=\"output-phrase~4~4\" class=\"css-1m8t0fv\"><span class=\"css-rh820s\">over\u00a0<\/span><\/span><span id=\"output-phrase~4~5\" class=\"css-1m8t0fv\"><span class=\"css-0\">the\u00a0<\/span><span class=\"css-rh820s\">desired\u00a0<\/span><\/span><span id=\"output-phrase~4~6\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">4\u00a0<\/span><span class=\"css-15iwe0d\">percent\u00a0<\/span><\/span><span id=\"output-phrase~4~7\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">scenario,\u00a0<\/span><\/span><span id=\"output-phrase~4~8\" class=\"css-1m8t0fv\"><span class=\"css-2yp7ui\">it\u00a0<\/span><span class=\"css-15iwe0d\">is\u00a0<\/span><\/span><span id=\"output-phrase~4~9\" class=\"css-1m8t0fv\"><span class=\"css-2yp7ui\">still\u00a0<\/span><\/span><span id=\"output-phrase~4~10\" class=\"css-1m8t0fv\"><span class=\"css-2yp7ui\">within\u00a0<\/span><span class=\"css-15iwe0d\">the\u00a0<\/span><\/span><span id=\"output-phrase~4~11\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">RBI&#8217;s\u00a0<\/span><\/span><span id=\"output-phrase~4~12\" class=\"css-1m8t0fv\"><span class=\"css-2yp7ui\">comfortable\u00a0<\/span><\/span><span id=\"output-phrase~4~13\" class=\"css-1m8t0fv\"><span class=\"css-2yp7ui\">range\u00a0<\/span><span class=\"css-2yp7ui\">of\u00a0<\/span><\/span><span id=\"output-phrase~4~14\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">2\u00a0<\/span><span class=\"css-rh820s\">to\u00a0<\/span><span class=\"css-0\">6\u00a0<\/span><\/span><span id=\"output-phrase~4~15\" class=\"css-1m8t0fv\"><span class=\"css-0\">percent.<\/span><\/span><\/span><\/span><\/span><\/span><span id=\"output-sentence-box~0\" class=\"output-sentence\"><span class=\"css-x5hiaf\"><span id=\"output-sentence~0\"><span data-testid=\"output-sentence-0\"><span id=\"output-phrase~0~0\" class=\"css-1m8t0fv\"><span class=\"css-0\">December\u00a0<\/span><\/span><span id=\"output-phrase~0~1\" class=\"css-1m8t0fv\"><span class=\"css-rh820s\">had\u00a0<\/span><span class=\"css-0\">a\u00a0<\/span><\/span><span id=\"output-phrase~0~2\" class=\"css-1m8t0fv\"><span class=\"css-0\">5.69\u00a0<\/span><\/span><span id=\"output-phrase~0~3\" class=\"css-1m8t0fv\"><span class=\"css-0\">percent\u00a0<\/span><\/span><span id=\"output-phrase~0~4\" class=\"css-1m8t0fv\"><span class=\"css-rh820s\">figure.<\/span><\/span><\/span> <\/span><\/span><\/span><span id=\"output-sentence-box~1\" class=\"output-sentence\"><span class=\"css-x5hiaf\"><span id=\"output-sentence~1\"><span data-testid=\"output-sentence-1\"><span id=\"output-phrase~1~0\" class=\"css-1m8t0fv\"><span class=\"css-rh820s\">According\u00a0<\/span><span class=\"css-15iwe0d\">to\u00a0<\/span><\/span><span id=\"output-phrase~1~1\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">Das,\u00a0<\/span><\/span><span id=\"output-phrase~1~2\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">the\u00a0<\/span><span class=\"css-15iwe0d\">MPC\u00a0<\/span><\/span><span id=\"output-phrase~1~3\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">also\u00a0<\/span><\/span><span id=\"output-phrase~1~4\" class=\"css-1m8t0fv\"><span class=\"css-rh820s\">resolved,\u00a0<\/span><\/span><span id=\"output-phrase~1~5\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">with\u00a0<\/span><\/span><span id=\"output-phrase~1~6\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">a\u00a0<\/span><span class=\"css-15iwe0d\">majority\u00a0<\/span><\/span><span id=\"output-phrase~1~7\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">of\u00a0<\/span><span class=\"css-2yp7ui\">five\u00a0<\/span><\/span><span id=\"output-phrase~1~8\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">out\u00a0<\/span><span class=\"css-15iwe0d\">of\u00a0<\/span><\/span><span id=\"output-phrase~1~9\" class=\"css-1m8t0fv\"><span class=\"css-2yp7ui\">six\u00a0<\/span><span class=\"css-0\">members,\u00a0<\/span><\/span><span id=\"output-phrase~1~10\" class=\"css-1m8t0fv\"><span class=\"css-0\">to\u00a0<\/span><span class=\"css-rh820s\">continue\u00a0<\/span><\/span><span id=\"output-phrase~1~11\" class=\"css-1m8t0fv\"><span class=\"css-rh820s\">concentrating\u00a0<\/span><\/span><span id=\"output-phrase~1~12\" class=\"css-1m8t0fv\"><span class=\"css-0\">on\u00a0<\/span><\/span><span id=\"output-phrase~1~13\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">the\u00a0<\/span><span class=\"css-2yp7ui\">removal\u00a0<\/span><\/span><span id=\"output-phrase~1~14\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">of\u00a0<\/span><\/span><span id=\"output-phrase~1~15\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">accommodation\u00a0<\/span><\/span><span id=\"output-phrase~1~16\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">in\u00a0<\/span><span class=\"css-2yp7ui\">order\u00a0<\/span><\/span><span id=\"output-phrase~1~17\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">to\u00a0<\/span><span class=\"css-2yp7ui\">guarantee\u00a0<\/span><\/span><span id=\"output-phrase~1~18\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">that\u00a0<\/span><span class=\"css-15iwe0d\">inflation\u00a0<\/span><\/span><span id=\"output-phrase~1~19\" class=\"css-1m8t0fv\"><span class=\"css-2yp7ui\">gradually\u00a0<\/span><span class=\"css-rh820s\">approaches\u00a0<\/span><\/span><span id=\"output-phrase~1~20\" class=\"css-1m8t0fv\"><span class=\"css-0\">the\u00a0<\/span><span class=\"css-rh820s\">objective\u00a0<\/span><\/span><span id=\"output-phrase~1~21\" class=\"css-1m8t0fv\"><span class=\"css-0\">while\u00a0<\/span><\/span><span id=\"output-phrase~1~22\" class=\"css-1m8t0fv\"><span class=\"css-rh820s\">promoting\u00a0<\/span><\/span><span id=\"output-phrase~1~23\" class=\"css-1m8t0fv\"><span class=\"css-0\">growth.<\/span><\/span><\/span> <\/span><\/span><\/span><span id=\"output-sentence-box~2\" class=\"output-sentence\"><span class=\"css-x5hiaf\"><span id=\"output-sentence~2\"><span data-testid=\"output-sentence-2\"><span id=\"output-phrase~2~0\" class=\"css-1m8t0fv\"><span class=\"css-0\">In\u00a0<\/span><\/span><span id=\"output-phrase~2~1\" class=\"css-1m8t0fv\"><span class=\"css-1eh0vfs\">the\u00a0<\/span><span class=\"css-1eh0vfs\">July-September\u00a0<\/span><span class=\"css-1eh0vfs\">quarter\u00a0<\/span><\/span><span id=\"output-phrase~2~2\" class=\"css-1m8t0fv\"><span class=\"css-1eh0vfs\">of\u00a0<\/span><\/span><span id=\"output-phrase~2~3\" class=\"css-1m8t0fv\"><span class=\"css-1eh0vfs\">the\u00a0<\/span><span class=\"css-1eh0vfs\">current\u00a0<\/span><span class=\"css-rh820s\">fiscal\u00a0<\/span><span class=\"css-0\">year\u00a0<\/span><\/span><span id=\"output-phrase~2~4\" class=\"css-1m8t0fv\"><span class=\"css-0\">2023\u201324,\u00a0<\/span><\/span><span id=\"output-phrase~2~5\" class=\"css-1m8t0fv\"><span class=\"css-0\">the\u00a0<\/span><span class=\"css-0\">Indian\u00a0<\/span><span class=\"css-0\">economy\u00a0<\/span><\/span><span id=\"output-phrase~2~6\" class=\"css-1m8t0fv\"><span class=\"css-rh820s\">increased\u00a0<\/span><span class=\"css-rh820s\">by\u00a0<\/span><\/span><span id=\"output-phrase~2~7\" class=\"css-1m8t0fv\"><span class=\"css-0\">7.6%,\u00a0<\/span><\/span><span id=\"output-phrase~2~8\" class=\"css-1m8t0fv\"><span class=\"css-rh820s\">continuing\u00a0<\/span><\/span><span id=\"output-phrase~2~9\" class=\"css-1m8t0fv\"><span class=\"css-rh820s\">to\u00a0<\/span><span class=\"css-0\">be\u00a0<\/span><\/span><span id=\"output-phrase~2~10\" class=\"css-1m8t0fv\"><span class=\"css-0\">the\u00a0<\/span><span class=\"css-0\">fastest-growing\u00a0<\/span><\/span><span id=\"output-phrase~2~11\" class=\"css-1m8t0fv\"><span class=\"css-0\">major\u00a0<\/span><\/span><span id=\"output-phrase~2~12\" class=\"css-1m8t0fv\"><span class=\"css-0\">economy.<\/span><\/span><\/span> <\/span><\/span><\/span><span id=\"output-sentence-box~3\" class=\"output-sentence\"><span class=\"css-x5hiaf\"><span id=\"output-sentence~3\"><span data-testid=\"output-sentence-3\"><span id=\"output-phrase~3~0\" class=\"css-1m8t0fv\"><span class=\"css-0\">India&#8217;s\u00a0<\/span><span class=\"css-0\"><a href=\"https:\/\/jammubulletin.com\/site\/indias-gdp-growth-is-reflection-of-transformative-reforms-of-last-10-yrs-pm\/\">GDP<\/a>\u00a0<\/span><\/span><span id=\"output-phrase~3~1\" class=\"css-1m8t0fv\"><span class=\"css-rh820s\">increased\u00a0<\/span><span class=\"css-rh820s\">by\u00a0<\/span><\/span><span id=\"output-phrase~3~2\" class=\"css-1m8t0fv\"><span class=\"css-0\">7.8%\u00a0<\/span><\/span><span id=\"output-phrase~3~3\" class=\"css-1m8t0fv\"><span class=\"css-rh820s\">during\u00a0<\/span><span class=\"css-0\">the\u00a0<\/span><\/span><span id=\"output-phrase~3~4\" class=\"css-1m8t0fv\"><span class=\"css-0\">April\u2013June\u00a0<\/span><\/span><span id=\"output-phrase~3~5\" class=\"css-1m8t0fv\"><span class=\"css-0\">quarter.<\/span><\/span><\/span> <\/span><\/span><\/span><span id=\"output-sentence-box~4\" class=\"output-sentence\"><span class=\"css-x5hiaf\"><span id=\"output-sentence~4\"><span data-testid=\"output-sentence-4\"><span id=\"output-phrase~4~0\" class=\"css-1m8t0fv\"><span class=\"css-0\">The\u00a0<\/span><\/span><span id=\"output-phrase~4~1\" class=\"css-1m8t0fv\"><span class=\"css-0\">RBI&#8217;s\u00a0<\/span><\/span><span id=\"output-phrase~4~2\" class=\"css-1m8t0fv\"><span class=\"css-1eh0vfs\">bi-monthly\u00a0<\/span><\/span><span id=\"output-phrase~4~3\" class=\"css-1m8t0fv\"><span class=\"css-1eh0vfs\">monetary\u00a0<\/span><span class=\"css-1eh0vfs\">policy\u00a0<\/span><\/span><span id=\"output-phrase~4~4\" class=\"css-1m8t0fv\"><span class=\"css-1eh0vfs\">committee\u00a0<\/span><\/span><span id=\"output-phrase~4~5\" class=\"css-1m8t0fv\"><span class=\"css-1eh0vfs\">(MPC)\u00a0<\/span><\/span><span id=\"output-phrase~4~6\" class=\"css-1m8t0fv\"><span class=\"css-1eh0vfs\">meeting\u00a0<\/span><\/span><span id=\"output-phrase~4~7\" class=\"css-1m8t0fv\"><span class=\"css-rh820s\">got\u00a0<\/span><span class=\"css-rh820s\">underway\u00a0<\/span><\/span><span id=\"output-phrase~4~8\" class=\"css-1m8t0fv\"><span class=\"css-0\">on\u00a0<\/span><\/span><span id=\"output-phrase~4~9\" class=\"css-1m8t0fv\"><span class=\"css-0\">Tuesday\u00a0<\/span><\/span><span id=\"output-phrase~4~10\" class=\"css-1m8t0fv\"><span class=\"css-rh820s\">and\u00a0<\/span><\/span><span id=\"output-phrase~4~11\" class=\"css-1m8t0fv\"><span class=\"css-rh820s\">will\u00a0<\/span><span class=\"css-rh820s\">last\u00a0<\/span><\/span><span id=\"output-phrase~4~12\" class=\"css-1m8t0fv\"><span class=\"css-rh820s\">for\u00a0<\/span><\/span><span id=\"output-phrase~4~13\" class=\"css-1m8t0fv\"><span class=\"css-0\">three\u00a0<\/span><span class=\"css-rh820s\">days.<\/span><\/span><\/span> <\/span><\/span><\/span><span id=\"output-sentence-box~0\" class=\"output-sentence\"><span class=\"css-x5hiaf\"><span id=\"output-sentence~0\"><span data-testid=\"output-sentence-0\"><span id=\"output-phrase~0~0\" class=\"css-1m8t0fv\"><span class=\"css-rh820s\">During\u00a0<\/span><\/span><span id=\"output-phrase~0~1\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">a\u00a0<\/span><span class=\"css-15iwe0d\">financial\u00a0<\/span><span class=\"css-15iwe0d\">year,\u00a0<\/span><\/span><span id=\"output-phrase~0~2\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">the\u00a0<\/span><span class=\"css-15iwe0d\">RBI\u00a0<\/span><\/span><span id=\"output-phrase~0~3\" class=\"css-1m8t0fv\"><span class=\"css-2yp7ui\">normally\u00a0<\/span><span class=\"css-2yp7ui\">has\u00a0<\/span><\/span><span id=\"output-phrase~0~4\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">six\u00a0<\/span><\/span><span id=\"output-phrase~0~5\" class=\"css-1m8t0fv\"><span class=\"css-2yp7ui\">biweekly\u00a0<\/span><span class=\"css-15iwe0d\">meetings\u00a0<\/span><\/span><span id=\"output-phrase~0~6\" class=\"css-1m8t0fv\"><span class=\"css-2yp7ui\">when\u00a0<\/span><span class=\"css-15iwe0d\">it\u00a0<\/span><\/span><span id=\"output-phrase~0~7\" class=\"css-1m8t0fv\"><span class=\"css-2yp7ui\">discusses\u00a0<\/span><\/span><span id=\"output-phrase~0~8\" class=\"css-1m8t0fv\"><span class=\"css-0\">a\u00a0<\/span><span class=\"css-rh820s\">range\u00a0<\/span><\/span><span id=\"output-phrase~0~9\" class=\"css-1m8t0fv\"><span class=\"css-rh820s\">of\u00a0<\/span><\/span><span id=\"output-phrase~0~10\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">macroeconomic\u00a0<\/span><span class=\"css-15iwe0d\">indicators,\u00a0<\/span><\/span><span id=\"output-phrase~0~11\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">interest\u00a0<\/span><span class=\"css-15iwe0d\">rates,\u00a0<\/span><\/span><span id=\"output-phrase~0~12\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">the\u00a0<\/span><span class=\"css-15iwe0d\">money\u00a0<\/span><\/span><span id=\"output-phrase~0~13\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">supply,\u00a0<\/span><\/span><span id=\"output-phrase~0~14\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">and\u00a0<\/span><\/span><span id=\"output-phrase~0~15\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">the\u00a0<\/span><span class=\"css-15iwe0d\">outlook\u00a0<\/span><\/span><span id=\"output-phrase~0~16\" class=\"css-1m8t0fv\"><span class=\"css-2yp7ui\">for\u00a0<\/span><\/span><span id=\"output-phrase~0~17\" class=\"css-1m8t0fv\"><span class=\"css-0\">inflation.<\/span><\/span><\/span> <\/span><\/span><\/span><span id=\"output-sentence-box~1\" class=\"output-sentence\"><span class=\"css-x5hiaf\"><span id=\"output-sentence~1\"><span data-testid=\"output-sentence-1\"><span id=\"output-phrase~1~0\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">The\u00a0<\/span><span class=\"css-15iwe0d\">central\u00a0<\/span><span class=\"css-15iwe0d\">bank\u00a0<\/span><\/span><span id=\"output-phrase~1~1\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">may\u00a0<\/span><span class=\"css-15iwe0d\">have\u00a0<\/span><\/span><span id=\"output-phrase~1~2\" class=\"css-1m8t0fv\"><span class=\"css-rh820s\">reacted\u00a0<\/span><\/span><span id=\"output-phrase~1~3\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">to\u00a0<\/span><\/span><span id=\"output-phrase~1~4\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">a\u00a0<\/span><span class=\"css-2yp7ui\">significant\u00a0<\/span><span class=\"css-2yp7ui\">drop\u00a0<\/span><\/span><span id=\"output-phrase~1~5\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">in\u00a0<\/span><\/span><span id=\"output-phrase~1~6\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">inflation\u00a0<\/span><\/span><span id=\"output-phrase~1~7\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">and\u00a0<\/span><\/span><span id=\"output-phrase~1~8\" class=\"css-1m8t0fv\"><span class=\"css-0\">the\u00a0<\/span><span class=\"css-rh820s\">possibility\u00a0<\/span><\/span><span id=\"output-phrase~1~9\" class=\"css-1m8t0fv\"><span class=\"css-rh820s\">of\u00a0<\/span><span class=\"css-rh820s\">more\u00a0<\/span><\/span><span id=\"output-phrase~1~10\" class=\"css-1m8t0fv\"><span class=\"css-rh820s\">reduction\u00a0<\/span><\/span><span id=\"output-phrase~1~11\" class=\"css-1m8t0fv\"><span class=\"css-rh820s\">by\u00a0<\/span><\/span><span id=\"output-phrase~1~12\" class=\"css-1m8t0fv\"><span class=\"css-rh820s\">lowering\u00a0<\/span><\/span><span id=\"output-phrase~1~13\" class=\"css-1m8t0fv\"><span class=\"css-0\">the\u00a0<\/span><span class=\"css-rh820s\">main\u00a0<\/span><span class=\"css-0\">interest\u00a0<\/span><\/span><span id=\"output-phrase~1~14\" class=\"css-1m8t0fv\"><span class=\"css-0\">rate.<\/span><\/span><\/span> <\/span><\/span><\/span><span id=\"output-sentence-box~2\" class=\"output-sentence\"><span class=\"css-x5hiaf\"><span id=\"output-sentence~2\"><span data-testid=\"output-sentence-2\"><span id=\"output-phrase~2~0\" class=\"css-1m8t0fv\"><span class=\"css-0\">Many\u00a0<\/span><span class=\"css-rh820s\">nations,\u00a0<\/span><\/span><span id=\"output-phrase~2~1\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">including\u00a0<\/span><\/span><span id=\"output-phrase~2~2\" class=\"css-1m8t0fv\"><span class=\"css-2yp7ui\">developed\u00a0<\/span><span class=\"css-2yp7ui\">ones,\u00a0<\/span><\/span><span id=\"output-phrase~2~3\" class=\"css-1m8t0fv\"><span class=\"css-2yp7ui\">have\u00a0<\/span><span class=\"css-15iwe0d\">been\u00a0<\/span><\/span><span id=\"output-phrase~2~4\" class=\"css-1m8t0fv\"><span class=\"css-2yp7ui\">concerned\u00a0<\/span><span class=\"css-rh820s\">about\u00a0<\/span><\/span><span id=\"output-phrase~2~5\" class=\"css-1m8t0fv\"><span class=\"css-0\">inflation,\u00a0<\/span><\/span><span id=\"output-phrase~2~6\" class=\"css-1m8t0fv\"><span class=\"css-0\">but\u00a0<\/span><\/span><span id=\"output-phrase~2~7\" class=\"css-1m8t0fv\"><span class=\"css-0\">India\u00a0<\/span><\/span><span id=\"output-phrase~2~8\" class=\"css-1m8t0fv\"><span class=\"css-0\">has\u00a0<\/span><span class=\"css-rh820s\">generally\u00a0<\/span><span class=\"css-rh820s\">done\u00a0<\/span><\/span><span id=\"output-phrase~2~9\" class=\"css-1m8t0fv\"><span class=\"css-0\">a\u00a0<\/span><span class=\"css-rh820s\">pretty\u00a0<\/span><span class=\"css-rh820s\">good\u00a0<\/span><span class=\"css-rh820s\">job\u00a0<\/span><\/span><span id=\"output-phrase~2~10\" class=\"css-1m8t0fv\"><span class=\"css-rh820s\">of\u00a0<\/span><span class=\"css-rh820s\">controlling\u00a0<\/span><\/span><span id=\"output-phrase~2~11\" class=\"css-1m8t0fv\"><span class=\"css-0\">its\u00a0<\/span><span class=\"css-0\">inflation\u00a0<\/span><\/span><span id=\"output-phrase~2~12\" class=\"css-1m8t0fv\"><span class=\"css-rh820s\">trend.<\/span><\/span><\/span> <\/span><\/span><\/span><span id=\"output-sentence-box~3\" class=\"output-sentence\"><span class=\"css-x5hiaf\"><span id=\"output-sentence~3\"><span data-testid=\"output-sentence-3\"><span id=\"output-phrase~3~0\" class=\"css-1m8t0fv\"><span class=\"css-rh820s\">With\u00a0<\/span><\/span><span id=\"output-phrase~3~1\" class=\"css-1m8t0fv\"><span class=\"css-0\">the\u00a0<\/span><span class=\"css-rh820s\">exception\u00a0<\/span><\/span><span id=\"output-phrase~3~2\" class=\"css-1m8t0fv\"><span class=\"css-rh820s\">of\u00a0<\/span><\/span><span id=\"output-phrase~3~3\" class=\"css-1m8t0fv\"><span class=\"css-0\">the\u00a0<\/span><span class=\"css-rh820s\">most\u00a0<\/span><\/span><span id=\"output-phrase~3~4\" class=\"css-1m8t0fv\"><span class=\"css-rh820s\">recent\u00a0<\/span><\/span><span id=\"output-phrase~3~5\" class=\"css-1m8t0fv\"><span class=\"css-0\">pauses,\u00a0<\/span><\/span><span id=\"output-phrase~3~6\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">the\u00a0<\/span><span class=\"css-15iwe0d\"><a href=\"https:\/\/jammubulletin.com\/site\/rbi-says-rs-2000-notes-totalling-rs-9760-cr-still-with-public\/\">RBI<\/a>\u00a0<\/span><\/span><span id=\"output-phrase~3~7\" class=\"css-1m8t0fv\"><span class=\"css-rh820s\">has\u00a0<\/span><span class=\"css-rh820s\">increased\u00a0<\/span><\/span><span id=\"output-phrase~3~8\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">the\u00a0<\/span><span class=\"css-15iwe0d\">repo\u00a0<\/span><span class=\"css-15iwe0d\">rate\u00a0<\/span><\/span><span id=\"output-phrase~3~9\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">to\u00a0<\/span><\/span><span id=\"output-phrase~3~10\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">6.5%\u00a0<\/span><\/span><span id=\"output-phrase~3~11\" class=\"css-1m8t0fv\"><span class=\"css-2yp7ui\">from\u00a0<\/span><\/span><span id=\"output-phrase~3~12\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">May\u00a0<\/span><span class=\"css-15iwe0d\">2022\u00a0<\/span><\/span><span id=\"output-phrase~3~13\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">by\u00a0<\/span><\/span><span id=\"output-phrase~3~14\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">a\u00a0<\/span><span class=\"css-2yp7ui\">total\u00a0<\/span><\/span><span id=\"output-phrase~3~15\" class=\"css-1m8t0fv\"><span class=\"css-2yp7ui\">of\u00a0<\/span><\/span><span id=\"output-phrase~3~16\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">250\u00a0<\/span><span class=\"css-15iwe0d\">basis\u00a0<\/span><span class=\"css-15iwe0d\">points\u00a0<\/span><\/span><span id=\"output-phrase~3~17\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">in\u00a0<\/span><\/span><span id=\"output-phrase~3~18\" class=\"css-1m8t0fv\"><span class=\"css-2yp7ui\">an\u00a0<\/span><span class=\"css-rh820s\">effort\u00a0<\/span><\/span><span id=\"output-phrase~3~19\" class=\"css-1m8t0fv\"><span class=\"css-0\">to\u00a0<\/span><span class=\"css-rh820s\">combat\u00a0<\/span><\/span><span id=\"output-phrase~3~20\" class=\"css-1m8t0fv\"><span class=\"css-0\">inflation.<\/span><\/span><\/span> <\/span><\/span><\/span><span id=\"output-sentence-box~4\" class=\"output-sentence\"><span class=\"css-x5hiaf\"><span id=\"output-sentence~4\"><span data-testid=\"output-sentence-4\"><span id=\"output-phrase~4~0\" class=\"css-1m8t0fv\"><span class=\"css-0\">One\u00a0<\/span><span class=\"css-rh820s\">tool\u00a0<\/span><\/span><span id=\"output-phrase~4~1\" class=\"css-1m8t0fv\"><span class=\"css-rh820s\">of\u00a0<\/span><\/span><span id=\"output-phrase~4~2\" class=\"css-1m8t0fv\"><span class=\"css-0\">monetary\u00a0<\/span><span class=\"css-0\">policy\u00a0<\/span><\/span><span id=\"output-phrase~4~3\" class=\"css-1m8t0fv\"><span class=\"css-0\">that\u00a0<\/span><\/span><span id=\"output-phrase~4~4\" class=\"css-1m8t0fv\"><span class=\"css-rh820s\">usually\u00a0<\/span><\/span><span id=\"output-phrase~4~5\" class=\"css-1m8t0fv\"><span class=\"css-rh820s\">serves\u00a0<\/span><\/span><span id=\"output-phrase~4~6\" class=\"css-1m8t0fv\"><span class=\"css-rh820s\">to\u00a0<\/span><span class=\"css-rh820s\">reduce\u00a0<\/span><\/span><span id=\"output-phrase~4~7\" class=\"css-1m8t0fv\"><span class=\"css-0\">demand\u00a0<\/span><\/span><span id=\"output-phrase~4~8\" class=\"css-1m8t0fv\"><span class=\"css-0\">in\u00a0<\/span><\/span><span id=\"output-phrase~4~9\" class=\"css-1m8t0fv\"><span class=\"css-0\">the\u00a0<\/span><span class=\"css-0\">economy\u00a0<\/span><\/span><span id=\"output-phrase~4~10\" class=\"css-1m8t0fv\"><span class=\"css-0\">and\u00a0<\/span><\/span><span id=\"output-phrase~4~11\" class=\"css-1m8t0fv\"><span class=\"css-rh820s\">lower\u00a0<\/span><\/span><span id=\"output-phrase~4~12\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">the\u00a0<\/span><span class=\"css-15iwe0d\">inflation\u00a0<\/span><span class=\"css-15iwe0d\">rate\u00a0<\/span><\/span><span id=\"output-phrase~4~13\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">is\u00a0<\/span><span class=\"css-15iwe0d\">raising\u00a0<\/span><\/span><span id=\"output-phrase~4~14\" class=\"css-1m8t0fv\"><span class=\"css-15iwe0d\">interest\u00a0<\/span><span class=\"css-15iwe0d\">rates.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<figure id=\"attachment_10499\" aria-describedby=\"caption-attachment-10499\" style=\"width: 300px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-10499\" src=\"https:\/\/jammubulletin.com\/site\/wp-content\/uploads\/2024\/02\/Screenshot-2024-02-08-at-12.04.08-PM-300x177.png\" alt=\"RBI leaves repo rate unchanged for sixth straight occassions\" width=\"300\" height=\"177\" \/><figcaption id=\"caption-attachment-10499\" class=\"wp-caption-text\">RBI leaves repo rate unchanged for sixth straight occassions<\/figcaption><\/figure>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI: At\u00a0its\u00a0February\u00a0review\u00a0meeting,\u00a0the\u00a0Reserve\u00a0Bank\u00a0of\u00a0India&#8216;s\u00a0(RBI)\u00a0Monetary\u00a0Policy\u00a0Committee\u00a0unanimously\u00a0agreed\u00a0to\u00a0maintain\u00a0the\u00a0status\u00a0quo,\u00a0with\u00a0the\u00a0policy\u00a0repo\u00a0rate\u00a0remaining\u00a0at\u00a06.5%\u00a0for\u00a0the\u00a0sixth\u00a0consecutive\u00a0meeting. The\u00a0interest\u00a0rate\u00a0at\u00a0which\u00a0the\u00a0RBI\u00a0loans\u00a0money\u00a0to\u00a0other\u00a0banks\u00a0is\u00a0known\u00a0as\u00a0the\u00a0repo\u00a0rate. Following\u00a0a\u00a0three-day\u00a0review\u00a0meeting,\u00a0RBI\u00a0Governor\u00a0Shaktikanta\u00a0Das\u00a0discussed\u00a0the\u00a0policy\u00a0statement\u00a0on\u00a0Friday\u00a0morning.\u00a0He\u00a0cited\u00a0stable\u00a0growth\u00a0dynamics\u00a0and\u00a0moderate\u00a0inflation\u00a0as\u00a0justifications\u00a0for\u00a0keeping\u00a0the\u00a0monetary\u00a0stance\u00a0as\u00a0it\u00a0is. According\u00a0to\u00a0Das,\u00a0growth\u00a0is\u00a0holding\u00a0up\u00a0better\u00a0than\u00a0anticipated\u00a0and\u00a0inflation\u00a0is\u00a0getting\u00a0closer\u00a0to\u00a0the\u00a0target. While\u00a0retail\u00a0inflation\u00a0in\u00a0India\u00a0is\u00a0over\u00a0the\u00a0desired\u00a04\u00a0percent\u00a0scenario,\u00a0it\u00a0is\u00a0still\u00a0within\u00a0the\u00a0RBI&#8217;s\u00a0comfortable\u00a0range\u00a0of\u00a02\u00a0to\u00a06\u00a0percent.December\u00a0had\u00a0a\u00a05.69\u00a0percent\u00a0figure. According\u00a0to\u00a0Das,\u00a0the\u00a0MPC\u00a0also\u00a0resolved,\u00a0with\u00a0a\u00a0majority\u00a0of\u00a0five\u00a0out\u00a0of\u00a0six\u00a0members,\u00a0to\u00a0continue\u00a0concentrating\u00a0on\u00a0the\u00a0removal\u00a0of\u00a0accommodation\u00a0in\u00a0order\u00a0to\u00a0guarantee\u00a0that\u00a0inflation\u00a0gradually\u00a0approaches\u00a0the\u00a0objective\u00a0while\u00a0promoting\u00a0growth. In\u00a0the\u00a0July-September\u00a0quarter\u00a0of\u00a0the\u00a0current\u00a0fiscal\u00a0year\u00a02023\u201324,\u00a0the\u00a0Indian\u00a0economy\u00a0increased\u00a0by\u00a07.6%,\u00a0continuing\u00a0to\u00a0be\u00a0the\u00a0fastest-growing\u00a0major\u00a0economy. India&#8217;s\u00a0GDP\u00a0increased\u00a0by\u00a07.8%\u00a0during\u00a0the\u00a0April\u2013June\u00a0quarter. The\u00a0RBI&#8217;s\u00a0bi-monthly\u00a0monetary\u00a0policy\u00a0committee\u00a0(MPC)\u00a0meeting\u00a0got\u00a0underway\u00a0on\u00a0Tuesday\u00a0and\u00a0will\u00a0last\u00a0for\u00a0three\u00a0days. During\u00a0a\u00a0financial\u00a0year,\u00a0the\u00a0RBI\u00a0normally\u00a0has\u00a0six\u00a0biweekly\u00a0meetings\u00a0when\u00a0it\u00a0discusses\u00a0a\u00a0range\u00a0of\u00a0macroeconomic\u00a0indicators,\u00a0interest\u00a0rates,\u00a0the\u00a0money\u00a0supply,\u00a0and\u00a0the\u00a0outlook\u00a0for\u00a0inflation. The\u00a0central\u00a0bank\u00a0may\u00a0have\u00a0reacted\u00a0to\u00a0a\u00a0significant\u00a0drop\u00a0in\u00a0inflation\u00a0and\u00a0the\u00a0possibility\u00a0of\u00a0more\u00a0reduction\u00a0by\u00a0lowering\u00a0the\u00a0main\u00a0interest\u00a0rate. Many\u00a0nations,\u00a0including\u00a0developed\u00a0ones,\u00a0have\u00a0been\u00a0concerned\u00a0about\u00a0inflation,\u00a0but\u00a0India\u00a0has\u00a0generally\u00a0done\u00a0a\u00a0pretty\u00a0good\u00a0job\u00a0of\u00a0controlling\u00a0its\u00a0inflation\u00a0trend. With\u00a0the\u00a0exception\u00a0of\u00a0the\u00a0most\u00a0recent\u00a0pauses,\u00a0the\u00a0RBI\u00a0has\u00a0increased\u00a0the\u00a0repo\u00a0rate\u00a0to\u00a06.5%\u00a0from\u00a0May\u00a02022\u00a0by\u00a0a\u00a0total\u00a0of\u00a0250\u00a0basis\u00a0points\u00a0in\u00a0an\u00a0effort\u00a0to\u00a0combat\u00a0inflation. One\u00a0tool\u00a0of\u00a0monetary\u00a0policy\u00a0that\u00a0usually\u00a0serves\u00a0to\u00a0reduce\u00a0demand\u00a0in\u00a0the\u00a0economy\u00a0and\u00a0lower\u00a0the\u00a0inflation\u00a0rate\u00a0is\u00a0raising\u00a0interest\u00a0rates. &nbsp;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[13,6,67,89],"tags":[],"class_list":["post-10498","post","type-post","status-publish","format-standard","hentry","category-breaking-news","category-business","category-header","category-national"],"gutentor_comment":0,"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>RBI leaves repo rate unchanged for sixth straight 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