8 Aug 2024 , 01:17 PM
The RBI MPC voted 4-2 to keep policy rates unchanged for the 9th consecutive policy. The policy stance was also kept unchanged. This is the last MPC for the external members who were majorly rooting for a rate cut. However, RBI remained cautious and focused on the sticky food inflation and its potential spillover effect on the broader inflation. Overall, it was a mildly cautious policy with a clear message on vanquishing the food inflation before considering a rate cut.
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