The monetary policy committee vote was closer for good reason4 min read . Updated: 09 Feb 2023, 12:55 AM IST
Posterity will tell whether the MPC’s stance is what the doctor would’ve ordered for an economy not quite in the pink of health
A week to the day, Finance Minister Nirmala Sitharaman unveiled a responsible if somewhat elitist Union budget, the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) announced its own monetary policy decision—a hike in the repo rate (at which RBI infuses liquidity) by 25 basis points and an unchanged stance, “focused on withdrawal of liquidity".
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