For the ninth time, the RBI has kept the repo rate unchanged.Financial analysts have predicted some financial crisis in the coming year across the world. But India as such has been cautious to overcome such kind of crisis.
They could tide over the same during the time of Corona and also the phenomenon called melt down.
RBI Governor Das emphasized that the RBI remains vigilant regarding inflationary pressures and will take necessary actions to maintain price stability while supporting the country’s economic recovery.
The MPC’s decision reflects a balanced approach, aiming to control inflation without stifling growth. The RBI governor warned that there should not be any room for complacency because core inflation has fallen considerably as continuing food price shocks have slowed the process of disinflation in Q1.
The announcement was made by RBI Governor Shaktikanta Das at a press briefing on Thursday, following the conclusion of a three-day Monetary Policy Committee (MPC) meeting.
The decision was reached after a detailed assessment of the current macroeconomic and financial conditions, as well as future economic projections.
