Highlights of RBI Governor Das' address post MPC meet

BY A STAFF REPORTER

* There are four parts to today's statement
* MPC voted to leave repo rate unchanged at 4.00%
* Will announce some additional measures from RBI
* Economy in much better position now than during Jun meet
* MPC voted to retain accommodative stance by 5 votes to 1
* MSF, Bank Rate unchanged at 4.25%
* Reverse repo rate also left unchanged at 3.35%
* Can't drop guard, must remain vigilant against third wave
* CPI inflation surprised on upside in May
* Econ activity evolved broadly along expected lines
* Jun CPI inflation saw moderation in price momentum
* Outlook for aggregate demand improving
* Some high frequency indicators gaining momentum Jun-Jul

Source : Eureka

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