While the RBI did maintain rates, the question is whether they had the opportunity to give a pre-emptive boost.
Currently, the central bank is keeping an eye on data to determine whether any more actions are required.
RBI raises India's GDP growth projection for FY24-25 to 7.2%, citing strong domestic activity, PMI, and rural demand.
Investors with very high risk appetite and want to invest in special situations theme should invest in the Mahindra Manulife Manufacturing Fund for 5 or more years.
Unchanged Repo Rate supports affordability, confidence in housing market
The decision aims to control inflation, but many economists predict a rate cut later in FY 2024-25.
Normal monsoon this year is critical for easing of food inflation.
The lenders had previously advocated a collective CIRP in the hopes of receiving a higher price for the three firms.
The successful bidder will deploy cargo handling equipment within seven months of receiving the letter of acceptance (LOA).
In our opinion, with growth expected to remain firm, the last phase of dis-inflation towards the 4% target remains arduous and hence the RBI would be willing to bide its time.
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