RBI MPC_Jun’24: Taking Guard Again: Playing to keep the Local Weather Clear and Sunny

The Report discusses the outcome of the RBI’s MPC which concluded on 07 Jun’24. While key rates and stance remained unchanged, the change in voting patterns reflected changing views within the committee. The focus remains on anchoring inflation expectations whilst preserving financial stability. External buffers remain strong and there could be a gradual delinking of US and Indian policy. Medium term drivers of yields remain sound to bring it down below 7%.

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