Following are the highlights of RBI's third monetary policy review of the current financial year announced by Governor Shaktikanta Das on Wednesday * Key lending rate (repo) raised by 50 basis points to 4.9 per cent; 2nd increase in 5 weeks * Repo rate still remains below pre-pandemic level * To focus on withdrawal of accommodative policy to tame inflation and support growth * Inflation projection for current fiscal raised to 6.7 pc from 5.7 pc * Edible oil prices remain under pressure on adverse global supply conditions, notwithstanding some recent correction * Tense global situation imparts considerable uncertainty to domestic inflation outlook * GDP growth forecast retained at 7.2 pc for
Hence then, the article about rbi monetary policy highlights was published today ( ) and is available onDevdiscourse ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( RBI monetary policy highlights )