Insights

In a surprising move, the monetary policy committee (MPC) of the RBI on Wednesday unanimously voted to up the repo rate by 40 basis points to 4.40%. MPC members met in unscheduled meeting and decided to go unanimously for rate hike-a first move since policy rate action in May 2020. As mentioned in April MPC … Read more

RBI’s six-member Monetary Policy Committee voted to keep the repo rate unchanged in its first meeting of FY2023. Repo rate stood unchanged at 4%. The RBI monetary policy stance remains ‘Accommodative’ while focusing on withdrawal of accommodation to ensure that inflation remains within the target going forward, while supporting growth. MSF rate and Bank rate … Read more

In its first policy meeting post Union Budget 2022, RBI MPC kept key policy rates unchanged and also retained its accommodative stance. In a statement, RBI said the stance will remain accommodative as long as necessary to revive and sustain growth on durable basis and continue to mitigate the impact of COVID-19 on the economy, … Read more

Key takeaways The Economic Survey 2021-22 tabled in the Parliament points out that the Indian economy has reached the pre-pandemic levels.  What is the Economic Survey of India? Presented annually by the Ministry of Finance, the Economic Survey of India is a document prepared under the guidance of the Chief Economic Adviser. This document presented … Read more