RBI keeps repo rate at 6.5%, raises GDP growth forecast Context The Reserve Bank of India (RBI) Monetary Policy Committee (MPC) unanimously decided on Friday to keep key interest rates unchanged, raise its GDP growth projection for 2023-24 to 7% from 6.5%, and maintain its […]
Inflation pressures may linger, but food prices to ease soon: Ministry Context The Ministry noted that the 11.5% food inflation rate was “perhaps the third highest” since the current Consumer Price Index (CPI) series started in 2014 and that the impact of the worldwide disruptions […]