https://www.taxtmi.com/news?id=27815 The MPC resolved to keep the policy repo rate unchanged and to continue with withdrawal of accommodation to ensure headline CPI inflation progressively aligns with the 4% target while supporting growth. The committee assessed resilient domestic activity supported by favorable monsoon and investment momentum, noted elevated food-price pressures causing a temporary uptick in headline inflation and potential spillovers to core inflation, and presented GDP and inflation projections with evenly balanced risks. The minutes record a split vote with two members favoring a rate cut and a neutral stance. en-us Fri, 23 Aug 2024 17:26:12 +0530 Fri, 23 Aug 2024 17:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=27815 The MPC resolved to keep the policy repo rate unchanged and to continue with withdrawal of accommodation to ensure headline CPI inflation progressively aligns with the 4% target while supporting growth. The committee assessed resilient domestic activity supported by favorable monsoon and investment momentum, noted elevated food-price pressures causing a temporary uptick in headline inflation and potential spillovers to core inflation, and presented GDP and inflation projections with evenly balanced risks. The minutes record a split vote with two members favoring a rate cut and a neutral stance. News - Fri, 23 Aug 2024 17:26:12 +0530 https://www.taxtmi.com/news?id=27815