'Cumulative impact of monetary policy actions still unfolding'
The cumulative impact of the Reserve Bank of India’s monetary policy actions over the last year is still unfolding and needs to be closely monitored, said RBI governor Shaktikanta Das in the most recent meeting with the rate-setting panel. However, despite the previous six back-to-back hikes in key short-term lending rates (repo), RBI chose to pause rate hikes earlier this month.
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