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Monetary Policy Committee (MPC) News

18 Aug 2017

'After pause in Oct, RBI may deliver final rate cut in Dec'

The note said that inflation risks are being "overdone", and a cool-off in price rise will be one of "compelling factors" that will make the RBI cut rates.

RBI Governor Urjit Patel

02 Aug 2017

Rate cut to boost private investment, resolve debt overhang: Urjit Patel

RBI Deputy governor Viral B Acharya chipped in saying that addressing the twin balance sheets problem remains the RBI's top priority at the moment as this will help reinvigorate private investments.

02 Aug 2017

Rate cut on expected lines, 'good move' for economy: Parekh

Parekh further said that he agrees with the RBI's view that the implementation of the Goods and Services Tax (GST) was fairly smooth.

02 Aug 2017

RBI rate cut important step for sustained growth: Finance Ministry

The government has taken note of the statement of the Monetary Policy Committee (MPC) and its assessment of the inflation and growth outlook, he added.

Subdued inflation

02 Aug 2017

Subdued inflation prompts RBI to reduce key lending rates

The decision to maintain the repo rate was taken by the six-member Monetary Policy Committee (MPC) headed by Patel. Four members of the panel voted in favour of reducing the key lending rate.

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