RBI monetary policy meeting on Feb 7; MPC may change policy stance to neutral

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The RBI's Monetary Policy Committee is likely to change its policy stance to neutral in its meeting this week on low inflation footprint but would refrain from cutting interest rates due to fiscal challenges and rising crude oil prices, experts said. The bimonthly meeting of the MPC is scheduled from February 5 to 7..

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    RBI monetary policy meeting on Feb 7; MPC may change policy stance to neutral

    The RBI's Monetary Policy Committee is likely to change its policy stance to neutral in its meeting this week on low inflation footprint but would refrain from cutting interest rates due to fiscal challenges and rising crude oil prices, experts said. The bimonthly meeting of the MPC is scheduled from February 5 to 7.

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    RBI credit policy: MPC cuts repo rate by 35 bps to 5.40%, maintains accommodative stance

    The six-member monetary policy committee (MPC) of the Reserve Bank of India (RBI) on Wednesday cut repo rate by 35 basis points in its third bi-monthly policy review of the financial year. It was fourth rate cut by the central bank in a row. The short-term lender rate now stands at 5.40 per cent. Persistent weakening of core inflation has kept the headline rate below the central bank’s 4 per cent target for the 11th straight month in June and, thus, the rate cut was largely in line with Street expectations.

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    The Reserve Bank of India on Wednesday kept the interest rates unchanged while promising to cut them if the upside risks to the inflation do not materialise. Watch this video for key takeaways from the RBI governor's speech.

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    Disclaimer:
    The purpose of this channel is not to support or encourage underage drinking but to provide knowledge of the products we consume. This channel does not promote or sell any alcoholic product. The purpose of this channel is to strictly entertain and inform people about products available on the market. We are strictly against underage drinking and do not support it.

    About The Channel:-
    If you love homestyle cocktails, reviews of Alcohol, Drink kn

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