RBI MPC meet LIVE: What was announced at the last meeting?
In October, the RBI decided to leave its benchmark repo rate unchanged for the fourth straight time, keeping it at 6.5%, while maintaining that it was focussed on a “withdrawal of accommodation” to tame inflation.
Speaking on the decision, RBI Governor Shaktikanta Das said “recurring large overlapping food price shocks can impart generalisation and persistence to headline inflation”, a warning that elevated food prices could spill over to other sectors and inflation could become sticky, about which the central banker would remain watchful. More here.