BusinessRBI Governor Rules Out Rate Cuts, Considers Pause or Hike
Reserve Bank of India Governor Sanjay Malhotra stated that rate cuts are not being considered in the near term after the RBI raised the repo rate by 25 basis points to 5.50%. The Monetary Policy Committee shifted its stance from Neutral to Calibrated Tightening, signaling that future moves could be a pause or further hikes depending on economic conditions.
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