The MPC members had voted for a status quo in the June policy, citing resilient growth and the need to assess inflation impact while stating that the MPC would closely monitor incoming data. The Reserve Bank of India has projected FY27 growth at 6.6% in the June policy, while the economy expanded at 7.7% in the January-March quarter, exceeding earlier estimates.
The RBI's Monetary Policy Committee maintained a status quo in June, citing resilient growth and the need to monitor inflation. India's economy expanded 7.7% in Q4 FY24, surpassing earlier estimates. The MPC suggests growth could exceed 7% if global oil prices decline further,…
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