NEW DELHI: The Reserve Bank of India (RBI) is poised to unveil its bi-monthly monetary policy for FY24 on Thursday.
RBI Governor Shaktikanta Das is scheduled to make the official announcement of the MPC’s decision on Thursday, August 10, at 10:00 am.
Monetary Policy Committee (MPC) meeting which began on August 8, has been closely watched by economists, investors and financial markets alike, as they eagerly await the central bank’s guidance on India’s economic trajectory.
The meeting holds paramount importance against the backdrop of the evolving economic landscape, both domestically and globally.
As the world grapples with ongoing uncertainties and shifts, the RBI’s monetary policy stance has a significant impact on India’s economic recovery, inflation dynamics, and overall financial stability.
Market experts and analysts have been closely monitoring various factors that might influence the RBI’s decision.
These include inflation trends, the pace of economic growth, global market volatility and potential policy adjustments to address any emerging challenges. (ANI)