https://www.taxtmi.com/news?id=27989 The Monetary Policy Committee maintained the policy repo rate and related facility rates and changed its stance to neutral, focusing on a durable alignment of CPI inflation with the medium term target while supporting growth. The MPC noted resilient domestic growth driven by consumption and investment, identified transient upside risks to inflation from base effects and commodity prices, and emphasised vigilance amid geopolitical and weather uncertainties. Voting recorded a majority for holding rates and adopting neutral stance, with one dissent preferring a rate reduction. en-us Wed, 09 Oct 2024 17:12:18 +0530 Wed, 09 Oct 2024 17:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=27989 The Monetary Policy Committee maintained the policy repo rate and related facility rates and changed its stance to neutral, focusing on a durable alignment of CPI inflation with the medium term target while supporting growth. The MPC noted resilient domestic growth driven by consumption and investment, identified transient upside risks to inflation from base effects and commodity prices, and emphasised vigilance amid geopolitical and weather uncertainties. Voting recorded a majority for holding rates and adopting neutral stance, with one dissent preferring a rate reduction. News - Wed, 09 Oct 2024 17:12:18 +0530 https://www.taxtmi.com/news?id=27989