The Reserve Bank of India’s Monetary Policy Committee (MPC) announced its decisions. The Reserve Bank of India has raised the inflation aim to 5.4% from 5.1% forecast in the June policy. Today’s central bank held the benchmark rate steady for a third straight time at 6.5% and retained its stance by a five-to-one vote to focus on the withdrawal of accommodation. ET Now caught up with various market experts to understand how far this decision is going to create an impact on the market.
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