Signalling optimism: On RBI holding rates

The Indian economy has suffered the sharpest contraction of 23.9% during the first quarter of the current financial year. According to the statement released by the RBI Governor after the meeting of Monetary Policy Committee, Indian economy is going to witness a 9.5% contraction is this fiscal year. In this context RBI has indicated towards prioritizing the revival of economic growth over inflation. 

 

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