RBI Holds Steady: Inflation Target Remains Sacred and Strong

The Reserve Bank of India is keeping the repo rate steady, and Governor Malhotra insists that the inflation target is sacred! They're not making any wild moves on remittances or investments just yet, but they're staying alert to the economy's vibes. In short, they're ready to adapt and keep things flowing smoothly, folks!

Quick rundown

1.RBI keeps repo rate unchanged with a neutral stance.

2.Healthy foreign currency flows expected from ECBs and other measures.

3.Inflation target remains sacrosanct, aimed for medium-term achievement.

4.No measures to restrict remittances or overseas investments currently.

5.Uncertainty from global conflicts and monsoon impacts inflation and growth.

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