RBI will announce a review of its monetary policy, it is anticipated to get relief on interest rates

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The RBI Monetary Policy Committee (MPC) has its final meeting today. In the three-day bi-monthly monetary review meeting, experts voiced optimism that the RBI could keep the policy rate repo rate at only 6.5 percent despite inflation and other external concerns. Today will see the announcement of the MPC’s ruling, which RBI Governor Shaktikanta Das is leading. The repo rate has not changed since the last three MPCs.RBI

The US Fed Reserve’s approach is still aggressive

According to DK Joshi, the chief economist of CRISIL, inflation has risen between the August MPC meeting and this one, but growth has remained robust. Global factors have marginally deteriorated as a result of the US Federal Reserve’s continued hawkish attitude. The RBI is anticipated to keep the repo rate where it was in this circumstance. According to him, the RBI will focus more on reducing inflation in light of the robustness of growth.RBI

It is important to pay close attention to changes in the price of crude oil

The chief economist of Bandhan Bank, Siddharth Sanyal, stated, “Growth-related concerns continue to complicate the global macroeconomic picture. Because of this, the MPC will be extra cautious, and rates will probably stay high for a while. According to Alesh Awlani, founder and director of Creditwise Capital, “The MPC has received some relief from the softening of agricultural commodity prices since August, so at this time there is no possibility of further increasing the repo rate.”RBI

RBI Update – The rise of the infrastructure sector has undoubtedly been aided by

government policies and capital expenditures, according to Umesh Choudhary, vice chairman and managing director of Titagarh Rail Systems. The manufacturing industry has many potential, thus the private sector must invest in capital projects. The system of interest rates will continue to be crucial in this regard.

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