<h1>Monetary Policy Committee Analyzes Global Growth, Inflation Risks; Recommends Steady Policy and Building Forex Reserves for Stability.</h1> The Technical Advisory Committee on Monetary Policy convened on March 26, 2014, to discuss global and domestic economic conditions ahead of the 2014-15 bi-monthly monetary policy review. Members noted potential global growth led by advanced economies, with concerns about weak emerging markets. Domestically, muted GDP growth and stagnant manufacturing were highlighted, with investment potentially increasing post-elections. Persistent high inflation in India, driven by various factors, was a concern. The committee recommended maintaining current policy due to inflation risks and emphasized building foreign exchange reserves. They discussed the importance of forward guidance for interest rate stability amid potential capital outflows and supply shocks.