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\u00a0<\/em><\/p>\n In an unanimous decision the MPC kept the repo rates unchanged at 6.5% amid worries about global headwinds and domestic inflationary pressures arising out of elevated food prices. All high frequency data indicates resiliency in economic growth across segments resulting in MPC retaining the estimated growth of 6.5%. However given the sharp hike in vegetable and cereals prices inflation trajectory for the year has been revised to 5.4% for the year as against 5.1%\u00a0 earlier. The central bank reiterated its inflation target of 4% and stayed committed to providing adequate liquidity to support growth . For now expect pause for some time unless data shows a different trend. Also global factors \u2013 rising crude and Fed\u2019s stance\u00a0 could have a bearing on future rate action. The surplus liquidity in the system on account of government spending,\u00a0 return of \u20b92000 banknotes to the banking system, strong capital flows resulted in temporary increase of\u00a0 CRR of 10% . Overall a balanced policy.<\/em><\/p>\n \u00a0<\/em><\/p>\n \u00a0 In an unanimous decision the MPC kept the repo rates unchanged at […]<\/p>\n","protected":false},"author":2,"featured_media":4188,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","footnotes":""},"categories":[2],"tags":[],"class_list":["post-4187","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\n\n