Mpc Meeting

Weakening growth momentum, softening prices led to rate cut; loans to MSMEs shrink: RBI

At the 7 February bi-monthly monetary policy review, the MPC in a 4:2 vote, surprised markets with a 25 bps repo rate cut to 6.25 percent and also revised downwards its inflation outlook for next fiscal year.

Rate cut: RBI, govt in open confrontation? Central bank defiantly holds ground

The Reserve Bank warned of fiscal situation getting out of hand if states unabatedly continue to waive farm loans saying it also risk spurring inflation.