RBI New Policy 2023
On the liquidity announcement, economists said the central bank is likely to focus on maintaining adequate liquidity through its Liquidity Adjustment Facility (LAF) operations, and may not announce any tightening measures.
RBI New Policy 2023, Governor Shaktikanta Das Announcements Today: The Reserve Bank of India (RBI) on Friday announced the outcome of the RBI Monetary Policy Committee (MPC) meeting. RBI Governor addressed a press conference and announced that the central bank has decided to keep the Repo rate unchanged at 6.5 per cent and inflation is likely to ease in September. it maintains a tight vigil on inflation The Reserve Bank retained the GDP projection for the current fiscal at 6.5 per cent. Das said that the central bank is maintaining a tight vigil on inflation and vowed to take timely measures to prevent any spillovers of global food and fuel price shocks.
RBI New Policy 2023 : The Reserve Bank of India (RBI) kept the benchmark interest rate unchanged at 6.50% on October 6, in-line with expectations. Governor Shaktikanta Das said, “Our monetary policy remains resolutely focused to aligning inflation to 4% target on durable basis. After a detailed assessment, MPC decided unanimously to keep policy repo rate unchanged at 6.50%.” In the post-policy presser, Das said “We will use one stone to kill one bird”. We use one instrument for one objective, which may have collateral impact elsewhere.
The Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday announced that the monetary policy committee (MPC) has decided unanimously to keep the policy repo rate unchanged at 6.50 per cent.
While announcing the policy, Das said, “After a detailed assessment of the evolving macroeconomic and financial developments and the outlook, RBI’s Monetary Policy Committee decided unanimously to keep the Policy Repo Rate unchanged at 6.5 per cent.”
“Macroeconomic stability and inclusive growth are the fundamental principles underlying our country’s progress. The policy mix that we have pursued during recent years of multiple and unparalleled shocks has fostered macroeconomic and financial stability,” Das said.
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