The Report discusses the decisions made in the RBI’s monetary policy meeting in Aug’24. The rates and stance were kept unchanged at this MPC. The Report outlines the emphasis placed on reaching target inflation, especially food inflation, and contends that the latter presents an upside risk to RBI’s projection. Placing growth on a solid footing domestically, the Report argues that global headwinds could shave off some momentum. The Report concludes with an overview of bond yields, and how global market movements and liquidity conditions are impacting them.
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