Nifty 50 holds gains as RBI pauses rates, lifts inflation view
MSN·
- The Reserve Bank of India maintained its key policy rate and adopted a neutral stance, indicating stability in its monetary policy.
- Inflation forecasts were increased to 5.1% from 4.6%, while GDP growth estimates were reduced to 6.6% from 6.9%.
- To support the rupee amid global challenges, the RBI introduced measures to attract foreign inflows, such as offering tax exemptions on bond interest.