Between the lines: Here's what India is talking about after RBI's surprise status quo
In a situation where experts were expecting a 25-bps hike, this move by RBI came as a surprise. In addition, the RBI's MPC also slashed its inflation forecast for this fiscal year (FY24) to 5.2 per cent from the 5.3 per cent forecast in the February policy. The MPC projected India's real GDP to grow at 6.5 per cent in FY24.
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