RBI Monetary Policy: Hopeful Of Amicable Solution To India-US Trade Talks, Says Governor
RBI MPC Meeting: Get all the latest updates on repo rate decision, CRR, Governor Sanjay Malhotra's speech, expert commentary, market reactions and more.
KEY HIGHLIGHTS
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RBI MPC Live Updates — As It Happened
The RBI Monetary Policy Committee on Wednesday kept the repo rate unchanged at 5.5%. It also maintained the stance 'neutral'.
Inflation forecast was lowered and GDP forecast kept the same as in July.
Governor Sanjay Malhotra said the central bank will await more macro data to guage the impact of trade and other uncertainities on the Indian economy.
RBI MPC Live Updates: Leaving Room For Future Action
"The current pause reflects a calibrated, data-driven approach. With easing already frontloaded in the last policy, it seems MPC is preserving room for future rate action (if any)," as per Dolat Research.
Sanjay Malhotra Live: Hopeful Of Amicable Solution To India-US Trade Talks, Says Governor
RBI Governor Sanjay Malhotra said he is hopeful of an amicable solution to the India-US trade talks.
"We took various steps to support growth beyond monetary policy. Let us wait for two months and see how the economy fares. We will now be found wanting in doing whatever it takes," he said.
Sanjay Malhotra Live: No Worry On NPA Levels In Banking Sector, Says Governor
The RBI currently is not worried about the non-performing assets in the banking sector, Governor Sanjay Malhotra said. He said the sharp rise in unsecured loans has been reduced.
