Uncertainties, although declining, are still elevated due to the protectionist tendencies of China and the United States besides and rising US-Iran geopolitical tensions.
New Delhi: Reserve Bank of India (RBI) Governor Shaktikanta Das on Saturday said that transmission of policy rate is steadily improving. While addressing the media in New Delhi, the RBI Governor said, "Impact of the rate cut has not plateaued. Transmission of rate cut has been witnessed in fresh rupee loan by 69 basis points. Transmission of policy rate is steadily improving."
"The Monetary Policy Committee decided to pause because inflation is looking high," he added. The ...
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