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The monetary policy statement indicates that the Indian economy continues to progress on the expected path, with improving growth indicators and inflation contained within the targeted range. The central bank has expressed strong confidence in the government’s commitment to fiscal consolidation. As the impact of monetary policy measures taken so far play out in …
The 50 bps reduction in the policy rate by RBI is a precursor to reduction in interest rates in the economy which will provide a strong impetus to growth. The progressive liberalisation of financial markets is a very welcome step. The policy statement not only demonstrates consistency in RBI’s approach but also explicitly recognises the …