MPC ready to take steps to align inflation to RBI's 4% target: Das
The Reserve Bank of India (RBI) has decided to maintain its current interest rates, with the repo rate remaining at 6.5%. The decision comes as the economy is still coping with the previous 250 basis points increase in the policy repo rate. RBI Governor Shaktikanta Das stated that the central bank will remain focused on the "withdrawal of accommodation" and is prepared to take necessary measures to align inflation with its target of 4%.
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