RBI monetary policy reaction: Mr. Dhawal Dalal, President & Chief Officer
Thu, Aug 8, 2024 1:35 PM

RBI monetary policy reaction: Mr. Dhawal Dalal, President & Chief Officer

A Flip by Riya Sharma
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The RBI MPC voted 4-2 to keep policy rates unchanged for the 9th consecutive policy. The policy stance was also kept unchanged. This is the last MPC for the external members who were majorly rooting for a rate cut. However, RBI remained cautious and focused on the sticky food inflation and its potential spillover effect on the broader inflation.

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